Sell AVAX/USDT – 30M – SELL

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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

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