AVAX/USDT – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.

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

The bearish trend down to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 26.570000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Identical 3 Crows’ candle pattern is detected. The candles show ‘Identical 3 Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Identical 3 Crows’ going down is 79% (Bull Market) & 72% (Bear Market).

26.570000000 – 26.770000000 – 23.220000000 – 24.920000000 – 22.190000000 – 22.360000000 — 41.095861558165 – 35.251867066201

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Identical 3 Crows – Double top chart pattern – –