AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 23.860000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 26.570000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 26.770000000 |
| Next High | 26.570000000 |
| Current Price | 24.980000000 |
| Next Low | 23.860000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
24.620000000 – 24.350000000 – 23.970000000 – 23.860000000 – 23.160000000 – 23.110000000 — 70.346984469641 – 66.753524250396
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –