The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support level at 9.45 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 9.74 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.36 |
| 2nd High | 10.01 |
| Next High | 9.74 |
| Current Price | 9.410000000 |
| Next Low | 9.45 |
| 2nd Low | 8.99 |
| 3rd Low | 8.97 |
9.74 – 9.52 – 9.38 – 9.45 – 8.99 – 8.97 —
9.660000000 – 9.650000000 —
60.890576569984 – 47.927833666331 —
– —
9.74 – 1778054400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –