Sell AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.

A descent down to the next support at 43.400000000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 45.050000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 50.860000000
2nd High 50.840000000
Next High 45.050000000
Current Price 43.870000000
Next Low 43.400000000
2nd Low 42.030000000
3rd Low 41.240000000

Download AVAX/USDT Signal Image

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