AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 12.57 is expected.
Caution: A possible change in the direction of resistance at 13.46 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.
Then a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.93 |
| 2nd High | 13.99 |
| Next High | 13.46 |
| Current Price | 13.220000000 |
| Next Low | 12.57 |
| 2nd Low | |
| 3rd Low |
13.46 – 13.99 – 14.93 – 12.57 – 13.5 – 14.36 — 47.827317194402 – 45.907827690392 — 79.238785888577 – 62.045459223827 – 79.201538543401 – 74.871385923727
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –