The combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 9.05 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 9.33 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Besides a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.01 |
| 2nd High | 9.36 |
| Next High | 9.33 |
| Current Price | 9.170000000 |
| Next Low | 9.05 |
| 2nd Low | 8.96 |
| 3rd Low | 8.92 |
9.33 – 9.36 – 10.01 – 9.05 – 8.96 – 9.13 —
9.270000000 – 9.240000000 —
58.943244236914 – 53.89796343055 —
– —
9.33 – 1776668400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –