The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 24.900000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 27.380000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 26.630000000 |
| Next Low | 24.900000000 |
| 2nd Low | 24.260000000 |
| 3rd Low | 24.090000000 |
26.360000000 – 25.800000000 – 24.730000000 – 24.900000000 – 24.260000000 – 24.090000000 — 65.312773753983 – 62.56040513842
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –