AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 22.400000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 23.020000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 23.020000000 |
| Current Price | 23.020000000 |
| Next Low | 22.400000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.610000000 |
23.020000000 – 22.580000000 – 21.510000000 – 22.400000000 – 21.870000000 – 21.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows –