AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
A descent down to the next support level at 12.21 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 14.83 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
In addition a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a bearish 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 | 15.27 |
| 2nd High | 15.09 |
| Next High | 14.83 |
| Current Price | 14.280000000 |
| Next Low | 12.21 |
| 2nd Low | 11.84 |
| 3rd Low | 11.26 |
13.2 – 12.62 – 12.55 – 12.21 – 12.33 – 11.84 — 67.056103911021 – 61.495974229193 — 55.412739514562 – 45.098144362422 – 37.520237898608 – 46.487124606751
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –