AVAX/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 8.69 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 9.78 could happen.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Bearish Belt Hold’ candle pattern is existing. The chart forms ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

9.78 – 9.48 – 9.84 – 8.69 – 8.42 – 8.18 —
9.600000000 – 9.860000000 —
63.575407309978 – 61.393376281159 —
– —
9.78 – 1772640000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –