AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 13.7 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 14.93 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candle pattern is discovered. The candles form ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 14.93 |
| Current Price | 14.130000000 |
| Next Low | 13.7 |
| 2nd Low | 13.26 |
| 3rd Low | 13.16 |
14.05 – 13.59 – 13.44 – 13.7 – 13.78 – 13.26 — 57.768823426884 – 53.257929652286 — 21.418300040639 – 12.346431585858 – 41.483009784613 – 26.683651671929
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –