The pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 9.51 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.78 |
| 2nd High | 9.58 |
| Next High | 9.51 |
| Current Price | 9.320000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
9.51 – 9.58 – 9.78 – 9.26 – 9.34 – 9 —
9.410000000 – 9.460000000 —
45.413169828739 – 53.244481787306 —
– —
9.51 – 1772742600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –