The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 32.860000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 34.030000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.110000000 |
| Next High | 34.030000000 |
| Current Price | 33.290000000 |
| Next Low | 32.860000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 29.170000000 |
34.030000000 – 34.110000000 – 35.810000000 – 32.860000000 – 33.340000000 – 33.510000000 — 46.813832059114 – 44.602155239533
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –