AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 20.990000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 22.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 22.080000000 |
| Current Price | 21.730000000 |
| Next Low | 20.990000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
22.080000000 – 21.800000000 – 21.080000000 – 20.990000000 – 20.180000000 – 20.320000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows –