AVAX/USDT – 1H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A bearish descent down to the next support level at 22.760000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 27.380000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

25.440000000 – 24.600000000 – 24.820000000 – 22.760000000 – 23.260000000 – 24.020000000 — 59.121274288148 – 56.90537349191

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Triple bottom chart pattern – –