AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance line at 13.91 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

13.91 – 13.85 – 13.55 – 13.48 – 12.96 – 13.16 — 52.013651064879 – 47.472457858682 — 60.746490684971 – 58.794730569781 – 41.534587838777 – 53.884224931842

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