AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support at 21.440000000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 22.400000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

22.400000000 – 22.850000000 – 24.120000000 – 21.440000000 – 21.580000000 – 22.400000000 — 46.801656131919 – 45.792839037042

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