AVAX/USDT – 1H – SELL

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

A descent down to the next support line at 9.54 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 10.34 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 9.16 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 10.34 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

10.34 – 10.32 – 10.13 – 9.54 – 9.95 – 9.53 —
9.820000000 – 9.680000000 —
38.677280274596 – 37.824507956049 —
– —
10.34 – 1770148800

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