AVAX/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support line at 8.66 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 9.48 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Also there is a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 8.67602 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 9.48 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern 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’ heading down is 82%.

9.48 – 9.08 – 9.8 – 8.66 – 8.37 – 8.66 —
8.950000000 – 9.400000000 —
47.512639588161 – 60.482212011343 —
– —
9.48 – 1775016000

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