Next a ‘Double top chart pattern’ chart layout is found. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 22.670000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 24.330000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency 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 | 25.200000000 |
| 2nd High | 24.460000000 |
| Next High | 24.330000000 |
| Current Price | 23.610000000 |
| Next Low | 22.670000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
24.330000000 – 24.200000000 – 24.070000000 – 22.670000000 – 22.860000000 – 23.820000000 — 54.735314235574 – 41.83121544262
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Double top chart pattern – –