AVAX/USDT – 30M – SELL

Besides a ‘Double bottom retreat down’ chart formation is detected. The chart picture forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A descent downwards to the next support line at 24.520000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 26.530000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. 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).

26.530000000 – 25.550000000 – 25.230000000 – 24.520000000 – 23.310000000 – 23.010000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Outside Down – Double bottom retreat down