AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support level at 8.52 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 12.27 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.

12.27 – 12.2 – 11.85 – 10.63 – 10.7 – 11.58 —
10.870000000 – 10.640000000 —
38.061173003967 – 30.433209656729 —
– —
12.27000 – 1769601600

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