AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 13.23 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 13.44 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. 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 | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.44 |
| Current Price | 13.320000000 |
| Next Low | 13.23 |
| 2nd Low | 13.03 |
| 3rd Low | 12.57 |
13.44 – 13.39 – 13.34 – 13.23 – 13.03 – 13.18 — 53.068178842032 – 49.834910017863 — 66.297477217227 – 63.704562088314 – 52.918849163683 – 61.453334123738
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –