The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 8.87 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 10.52 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.95 |
| 2nd High | 12.27 |
| Next High | 10.52 |
| Current Price | 9.440000000 |
| Next Low | 8.87 |
| 2nd Low | 8.69 |
| 3rd Low | 8.42 |
10.52 – 10.29 – 9.96 – 8.87 – 9.33 – 8.69 —
9.190000000 – 9.620000000 —
35.835958731367 – 57.970865464017 —
– —
10.52 – 1773633600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –