AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 30.590000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 34.720000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 37.490000000 |
| Next High | 34.720000000 |
| Current Price | 31.410000000 |
| Next Low | 30.590000000 |
| 2nd Low | 30.010000000 |
| 3rd Low | 28.490000000 |