AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.
A descent downwards to the next support level at 17.710000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 18.260000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 20.000000000 |
| 2nd High | 18.900000000 |
| Next High | 18.260000000 |
| Current Price | 17.620000000 |
| Next Low | 17.710000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.260000000 – 18.900000000 – 18.170000000 – 17.710000000 – 17.990000000 – 17.810000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Black Crows –