AVAX/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 22.190000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 26.770000000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 23.17012 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 26.770000000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black 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 chance of ‘Three Black Crows’ heading down is 82%.

26.770000000 – 25.680000000 – 25.990000000 – 22.190000000 – 22.230000000 – 23.180000000 — 45.213217731456 – 43.624900304088

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –