AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 20.220000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 24.350000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 21.640000000 |
| Next Low | 20.220000000 |
| 2nd Low | 20.140000000 |
| 3rd Low | 18.430000000 |
21.490000000 – 21.130000000 – 19.950000000 – 20.220000000 – 20.140000000 – 18.430000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows