AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 39.340000000 will continue.
Caution: A possible change in the direction of the resistance line at 41.900000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 41.900000000 |
| Current Price | 41.730000000 |
| Next Low | 39.340000000 |
| 2nd Low | 38.800000000 |
| 3rd Low | 34.950000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows