AVAX/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support line at 9.16 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 9.68 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Next a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

9.68 – 10.01 – 9.71 – 9.16 – 8.96 – 8.92 —
9.440000000 – 9.500000000 —
48.232418374235 – 53.733462274593 —
– —
9.68 – 1776830400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –