AVAX/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 9.84 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this 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 ‘Three Black Crows’ heading down is 82%.

9.84 – 9.45 – 9.42 – 8.42 – 8.18 – 8.66 —
9.080000000 – 9.260000000 —
50.848868398591 – 53.171740646874 —
– —
9.84 – 1772049600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –