AVAX/USDT – 4H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 35.520000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 41.900000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 41.900000000 |
| Current Price | 36.290000000 |
| Next Low | 35.520000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows