AVAX/USDT – 4H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 34.870000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 45.050000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a negative 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’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 45.050000000 |
| Current Price | 36.170000000 |
| Next Low | 34.870000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows