AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.

A bearish descent down to the next support line at 9.21 will continue.

Caution: A possible change in the direction of the resistance line at 9.68 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.68 – 9.53 – 9.44 – 9.21 – 9.17 – 8.96 —
9.290000000 – 9.450000000 —
39.790249295935 – 54.583123607451 —
– —
9.68 – 1776834000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –