AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 13.26 is certain.
Caution: A possible change in the direction of resistance at 14.05 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 14.05 |
| Current Price | 13.880000000 |
| Next Low | 13.26 |
| 2nd Low | 13.16 |
| 3rd Low | 13.03 |
14.05 – 13.59 – 13.44 – 13.26 – 13.16 – 13.03 — 60.780026419273 – 60.780026419273 — 10.670997587989 – 3.2038578411943 – 28.883910870423 – 14.838222026332
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –