The currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 24.260000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 24.690000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Next a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.110000000 |
| 2nd High | 24.730000000 |
| Next High | 24.690000000 |
| Current Price | 24.550000000 |
| Next Low | 24.260000000 |
| 2nd Low | 24.090000000 |
| 3rd Low | 23.860000000 |
24.690000000 – 24.730000000 – 24.620000000 – 24.260000000 – 24.380000000 – 24.090000000 — 52.086273580377 – 49.091082476924
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –