AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 22.960000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 25.510000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.510000000 |
| Current Price | 24.090000000 |
| Next Low | 22.960000000 |
| 2nd Low | 22.870000000 |
| 3rd Low | 22.530000000 |
25.510000000 – 27.380000000 – 26.460000000 – 24.430000000 – 24.740000000 – 24.850000000 — 36.061036779478 – 33.427385948715
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Double top chart pattern –