AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 20.220000000 is certain.
Caution: A possible change in the direction of the resistance zone at 24.350000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 21.860000000 |
| Next Low | 20.220000000 |
| 2nd Low | 20.140000000 |
| 3rd Low | 19.360000000 |
21.490000000 – 20.920000000 – 21.130000000 – 20.220000000 – 20.140000000 – 20.670000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows