AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 22.960000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 24.510000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 24.510000000 |
| Current Price | 23.230000000 |
| Next Low | 22.960000000 |
| 2nd Low | 22.870000000 |
| 3rd Low | 22.530000000 |
24.510000000 – 25.510000000 – 27.380000000 – 23.880000000 – 24.430000000 – 24.740000000 — 34.998497616094 – 33.67939693483
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – –