AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support at 33.030000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 36.160000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 32.2184 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 36.160000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 37.490000000 |
| 2nd High | 37.270000000 |
| Next High | 36.160000000 |
| Current Price | 33.390000000 |
| Next Low | 33.030000000 |
| 2nd Low | 30.590000000 |
| 3rd Low | 30.010000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows