AVAX/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support level at 6.27 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 6.822 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

There is also a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

6.822 – 6.676 – 7.079 – 6.27 – 5.963 – 5.681 —
6.736000000 – 6.727000000 —
59.45957074998 – 59.235589706561 —
– —
6.822 – 1782748800

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