AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A descent down to the next support line at 24.020000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 25.660000000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.660000000 |
| Current Price | 24.660000000 |
| Next Low | 24.020000000 |
| 2nd Low | 23.570000000 |
| 3rd Low | 23.460000000 |
24.370000000 – 24.090000000 – 25.660000000 – 24.020000000 – 23.570000000 – 23.460000000 — 56.769020750225 – 55.749250531193
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –