AVAX/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 6.52 is expected.

Caution: A possible change in the direction of the resistance level at 6.7 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

6.7 – 6.707 – 6.664 – 6.52 – 6.476 – 6.301 —
6.595000000 – 6.686000000 —
48.759671611138 – 59.302149555895 —
– —
6.7 – 1781276400

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