AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support level at 20.390000000 is expected.
Caution: A possible change in the direction of the resistance zone at 24.350000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 23.600000000 |
| Next Low | 20.390000000 |
| 2nd Low | 17.500000000 |
| 3rd Low | 17.020000000 |
21.530000000 – 19.170000000 – 18.280000000 – 20.390000000 – 17.500000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows –