AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 15.97 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 16.85 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. 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).

16.85 – 17.01 – 17.69 – 15.97 – 15.91 – 17.16 — 49.521985468952 – 48.486442913049 — 96.722928185728 – 91.785494875028 – 78.163989056613 – 90.320274564332

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –