AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 34.870000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 37.180000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 38.140000000 |
| 2nd High | 37.730000000 |
| Next High | 37.180000000 |
| Current Price | 35.880000000 |
| Next Low | 34.870000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 31.150000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows