AVAX/USDT – 4H – SELL

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

The bearish trend down to the next support level at is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 26.530000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

26.530000000 – 21.530000000 – 19.170000000 – 20.390000000 – 17.500000000 – 17.610000000 — 42.053746590321 – 40.573399710121

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – –