AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 32.310000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 37.930000000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.840000000 |
| 2nd High | 45.050000000 |
| Next High | 37.930000000 |
| Current Price | 33.610000000 |
| Next Low | 32.310000000 |
| 2nd Low | 30.590000000 |
| 3rd Low |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows