AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 16.940000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 18.410000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two 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 chance of ‘Two Crows’ going 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 | 17.350000000 |
| Next Low | 16.940000000 |
| 2nd Low | 15.960000000 |
| 3rd Low | 15.590000000 |
18.410000000 – 18.190000000 – 18.100000000 – 16.940000000 – 17.820000000 – 17.640000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows