The pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 9.28 is certain.
Caution: A possible change in the direction of the resistance zone at 9.44 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.68 |
| 2nd High | 9.45 |
| Next High | 9.44 |
| Current Price | 9.410000000 |
| Next Low | 9.28 |
| 2nd Low | 9.16 |
| 3rd Low | 9.15 |
9.44 – 9.45 – 9.68 – 9.28 – 9.16 – 9.19 —
9.400000000 – 9.450000000 —
53.795967444557 – 63.773426593077 —
– —
9.44 – 1776994200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –