AVAX/USDT – 4H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 38.500000000 is certain.
Caution: A possible change in the direction of the resistance level at 47.930000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 47.930000000 |
| Current Price | 51.700000000 |
| Next Low | 38.500000000 |
| 2nd Low | 38.310000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows