AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance level at 18.410000000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Besides a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 18.900000000 |
| 2nd High | 18.640000000 |
| Next High | 18.410000000 |
| Current Price | 18.090000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
18.410000000 – 18.190000000 – 18.100000000 – 17.820000000 – 17.640000000 – 17.800000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows