AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A descending movement down to the next support line at 17.710000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 18.260000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black 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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 20.000000000 |
| 2nd High | 18.900000000 |
| Next High | 18.260000000 |
| Current Price | 17.620000000 |
| Next Low | 17.710000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.260000000 – 18.900000000 – 18.170000000 – 17.710000000 – 17.990000000 – 17.810000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows –