AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 14.36 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 14.930000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 14.930000000 |
| Current Price | 14.650000000 |
| Next Low | 14.36 |
| 2nd Low | 14.03 |
| 3rd Low |
14.930000000 – 14.73 – 15.85 – 14.36 – 14.03 – 14.62 — 50.93223625353 – 48.360148533601 — 55.667408231368 – 46.090100111235 – 65.571622790755 – 56.863799283154
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –