AVAX/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 8.74 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 9.08 could happen.
Consider stop-loss settings accordingly.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.08 – 8.99 – 9.8 – 8.74 – 8.37 – 8.66 —
8.820000000 – 8.970000000 —
47.092085718073 – 57.013647183954 —
– —
9.08 – 1774857600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –