AVAX/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 6.714 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 7.05 could occur.
Consider stop-loss settings accordingly.

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

Moreover a ‘Southern Doji’ chart pattern is found. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

7.05 – 7.079 – 6.776 – 6.714 – 6.746 – 6.376 —
6.924000000 – 6.975000000 —
53.506300453292 – 54.872622949709 —
– —
7.05 – 1781596800

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – – –