AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 41.240000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 50.840000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. 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 | 52.050000000 |
| 2nd High | 50.860000000 |
| Next High | 50.840000000 |
| Current Price | 43.190000000 |
| Next Low | 41.240000000 |
| 2nd Low | 40.890000000 |
| 3rd Low | 38.800000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows