AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support at 20.320000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 21.530000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

21.530000000 – 18.590000000 – 18.880000000 – 20.320000000 – 17.690000000 – 17.500000000

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