The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 6.541 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 6.651 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.739 |
| 2nd High | 6.657 |
| Next High | 6.651 |
| Current Price | 6.600000000 |
| Next Low | 6.541 |
| 2nd Low | 6.373 |
| 3rd Low | 6.338 |
6.651 – 6.632 – 6.657 – 6.541 – 6.373 – 6.437 —
6.637000000 – 6.619000000 —
62.527284646591 – 56.685924908744 —
– —
6.651 – 1784313000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –