AVAX/USDT – 1H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards

A descent downwards to the next support at 9.06 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 9.27 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

9.27 – 9.21 – 9.45 – 9.06 – 9.06 – 8.92 —
9.170000000 – 9.200000000 —
53.324237964075 – 49.363979631738 —
– —
9.27 – 1777644000

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