AVAX/USDT – 1H – SELL

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

The bearish trend downwards to the next support level at 11.99 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 12.5 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. 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).

12.5 – 12.38 – 12.73 – 11.99 – 12.04 – 11.88 —
12.140000000 – 12.080000000 —
43.332011024768 – 39.783817967257 —
– —
12.50000 – 1769187600

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