AVAX/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 6.52 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 6.776 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 6.5385 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 6.776 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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).

6.776 – 6.7 – 6.707 – 6.52 – 6.476 – 6.301 —
6.753000000 – 6.687000000 —
58.605566503642 – 48.822290511218 —
– —
6.776 – 1781384400

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