AVAX/USDT – 30M – SELL

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

A bearish descent down to the next support level at 24.520000000 will persist.

Caution: A possible change in the direction of the resistance zone at 25.980000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

25.550000000 – 25.230000000 – 24.020000000 – 24.520000000 – 23.310000000 – 23.010000000

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