AVAX/USDT – 4H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 26.530000000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

There is also a ‘Collapsing Doji Star’ candlestick pattern is existing. The candles form ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

26.530000000 – 21.530000000 – 19.170000000 – 20.390000000 – 17.500000000 – 17.610000000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Collapsing Doji Star – –