AVAX/USDT – 4H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 36.280000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 41.900000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a negative 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 | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 41.900000000 |
| Current Price | 36.810000000 |
| Next Low | 36.280000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows