AVAX/USDT – 1H – SELL

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

A bearish descent down to the next support level at 8.99 is certain.

Caution: A possible change in the direction of the resistance level at 9.74 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Two Crows’ candlestick pattern is existing. The candles show ‘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’ going down is 54% (Bull Market) & 58% (Bear Market).

9.74 – 9.52 – 9.38 – 8.99 – 8.97 – 9.06 —
9.630000000 – 9.700000000 —
50.87476342124 – 62.267420482396 —
– —
9.74 – 1778054400

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