AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 6.714 will persist.

Caution: A possible trend reversal in the direction of resistance at 7.022 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. this is a bearish pattern signal. The 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).

7.022 – 6.951 – 7.05 – 6.714 – 6.746 – 6.376 —
6.965000000 – 6.850000000 —
50.597184369717 – 39.109899389959 —
– —
7.022 – 1781661600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –