The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 18.360000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 19.910000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 20.610000000 |
2nd High | 20.320000000 |
Next High | 19.910000000 |
Current Price | 18.600000000 |
Next Low | 18.360000000 |
2nd Low | 18.320000000 |
3rd Low | 18.200000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows