AVAX/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 9.19 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

9.19 – 9.48 – 10.34 – 8.72 – 9 – 7.55 —
9.160000000 – 9.110000000 —
53.320720944689 – 53.387084797606 —
– —
9.19 – 1770656400

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