AVAX/USDT – 4H – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 8.69 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 9.96 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

9.96 – 9.78 – 9.48 – 8.69 – 8.42 – 8.18 —
9.590000000 – 9.780000000 —
57.910745352428 – 51.717890680027 —
– —
9.96 – 1773158400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –