AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 8.52 is expected.
Caution: A possible trend reversal in the direction of resistance at 15.85 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The pair is likely to go down.
In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 14.170000000 |
| Next Low | 8.52 |
| 2nd Low | |
| 3rd Low |
15.85 – 15.86 – 15.79 – 14.62 – 15.27 – 14.84 — 33.665488989798 – 28.954941370354 — 16.928831949816 – 10.527230701385 – 13.703086674594 – 14.194368156405
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –