AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 23.160000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 23.570000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

23.570000000 – 23.040000000 – 23.480000000 – 23.160000000 – 22.360000000 – 22.230000000 — 46.786939039781 – 42.959562727815

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –