AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A descent down to the next support level at 21.510000000 is certain.
Caution: A possible change in the direction of the resistance level at 22.480000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 22.480000000 |
| Current Price | 22.120000000 |
| Next Low | 21.510000000 |
| 2nd Low | 20.220000000 |
| 3rd Low | 20.140000000 |
22.480000000 – 22.210000000 – 21.490000000 – 21.510000000 – 20.220000000 – 20.140000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows