AVAX/USDT – 4H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 14.660000000 will continue.
Caution: A possible change in the direction of the resistance line at 20.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 20.000000000 |
| Current Price | 17.410000000 |
| Next Low | 14.660000000 |
| 2nd Low | |
| 3rd Low |
20.000000000 – 22.660000000 – 21.700000000 – 18.680000000 – 18.430000000 – 19.770000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows