AVAX/USDT – 1H – SELL

And also a ‘Double top chart pattern’ chart formation is existing. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.

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

A bearish movement down to the next support at 24.710000000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 26.100000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Bearish Separating Lines’ candlestick chart pattern is found. The chart shows ‘Bearish Separating Lines’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Separating Lines’ heading down is 63% (Bull Market) & 76% (Bear Market).

26.100000000 – 26.090000000 – 26.530000000 – 24.710000000 – 24.520000000 – 23.310000000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Separating Lines – Double top chart pattern –