AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 20.390000000 is expected.
Caution: A possible change in the direction of the resistance zone at 24.350000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 22.660000000 |
| Next Low | 20.390000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
22.580000000 – 22.080000000 – 21.080000000 – 20.390000000 – 20.990000000 – 20.180000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows –