AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
A descent down to the next support line at 17.710000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 18.260000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 20.000000000 |
| 2nd High | 18.900000000 |
| Next High | 18.260000000 |
| Current Price | 17.620000000 |
| Next Low | 17.710000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.260000000 – 18.900000000 – 18.170000000 – 17.710000000 – 17.990000000 – 17.810000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows –