AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 11.62 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 11.85 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 11.575 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 11.85 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.06 |
| 2nd High | 11.92 |
| Next High | 11.85 |
| Current Price | 11.640000000 |
| Next Low | 11.62 |
| 2nd Low | 11.23 |
| 3rd Low |
11.85 – 11.92 – 11.78 – 11.62 – 11.23 – 11.83 —
11.700000000 – 11.960000000 —
36.2418934175 – 65.549094846567 —
– —
11.85000 – 1769481000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –