AVAX/USDT – 1H – SELL

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

A bearish movement down to the next support level at 8.99 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 9.38 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

9.38 – 9.25 – 9.27 – 8.99 – 8.97 – 9.06 —
9.330000000 – 9.520000000 —
61.573380053323 – 71.95941740709 —
– —
9.38 – 1777867200

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