The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 9.97 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 10.21 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
And also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
And also a ‘Three Black Crows’ candle chart pattern is detected. 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11.05 |
| 2nd High | 10.32 |
| Next High | 10.21 |
| Current Price | 9.970000000 |
| Next Low | 9.97 |
| 2nd Low | 9.95 |
| 3rd Low | 9.53 |
10.21 – 10.32 – 10.13 – 9.97 – 9.95 – 10.07 —
9.800000000 – 10.180000000 —
26.608637641246 – 53.765963280248 —
– —
10.21 – 1770093000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern – –