AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support at 36.190000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 39.370000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 44.570000000 |
| 2nd High | 44.190000000 |
| Next High | 39.370000000 |
| Current Price | 37.430000000 |
| Next Low | 36.190000000 |
| 2nd Low | 34.950000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows