AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.

A bearish descent downwards to the next support at 8.65 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 9.19 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

9.19 – 9.26 – 9.3 – 8.65 – 8.74 – 8.72 —
8.780000000 – 8.800000000 —
46.89841998334 – 44.360139861209 —
– —
9.19 – 1770658200

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