AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.

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

Caution: A possible reversal of the trend in the direction of the resistance zone at 14.22 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black 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 success rate of a ‘Three Black Crows’ heading down is 82%.

14.22 – 14.83 – 14.75 – 13.64 – 13.61 – 13.88 — 41.695276088799 – 36.239016534107 — 53.020337189083 – 19.68700385575 – 74.389233219984 – 50.423919985737

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