AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A descending movement down to the next support line at 20.390000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 22.080000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going 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 | 22.170000000 |
| Next Low | 20.390000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
22.080000000 – 21.080000000 – 21.530000000 – 20.390000000 – 20.990000000 – 20.180000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows –