AVAX/USDT – 4H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
The bearish trend down to the next support at 8.97 is certain.
Caution: A possible change in the direction of resistance at 10.01 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.27 |
| 2nd High | 10.52 |
| Next High | 10.01 |
| Current Price | 9.910000000 |
| Next Low | 8.97 |
| 2nd Low | 8.92 |
| 3rd Low | 8.46 |
9.74 – 9.27 – 9.45 – 8.97 – 8.92 – 9.08 —
9.690000000 – 10.120000000 —
58.499250948114 – 69.266586547804 —
– —
9.74 – 1778054400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –