Sell AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support at 8.87 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 10.52 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 14.95
2nd High 12.27
Next High 10.52
Current Price 9.440000000
Next Low 8.87
2nd Low 8.69
3rd Low 8.42

10.52 – 10.29 – 9.96 – 8.87 – 9.33 – 8.69 —
9.190000000 – 9.620000000 —
35.835958731367 – 57.970865464017 —
– —
10.52 – 1773633600

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