AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 18.590000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.170000000 |
| 2nd High | 18.880000000 |
| Next High | 18.590000000 |
| Current Price | 17.790000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
18.590000000 – 18.880000000 – 19.170000000 – 17.500000000 – 18.340000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows –