AVAX/USDT – 4H – SELL

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

A bearish trend downwards to the next support level at 9.16 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 12.27 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

12.27 – 14.95 – 13.2 – 9.16 – 11.23 – 11.88 —
10.170000000 – 9.960000000 —
40.880247958524 – 41.065198611499 —
– —
12.27 – 1769601600

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