AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 18.870000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 19.440000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 19.550000000 |
| Next High | 19.440000000 |
| Current Price | 19.270000000 |
| Next Low | 18.870000000 |
| 2nd Low | 18.680000000 |
| 3rd Low | 18.430000000 |
19.440000000 – 19.550000000 – 19.410000000 – 18.870000000 – 18.680000000 – 21.510000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows