AVAX/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 9.16 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 9.45 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.45 – 9.68 – 9.53 – 9.16 – 9.21 – 9.17 —
9.310000000 – 9.440000000 —
42.227438800487 – 59.137768128833 —
– —
9.45 – 1776956400

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