AVAX/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support line at 23.030000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 26.770000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candle pattern is discovered. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

26.770000000 – 25.680000000 – 25.990000000 – 23.030000000 – 22.190000000 – 22.230000000 — 53.757735497331 – 51.709795822687

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Double top retreat up – –