AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 23.880000000 is certain.

Caution: A possible change in the direction of the resistance zone at 24.510000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

24.510000000 – 25.510000000 – 27.380000000 – 23.880000000 – 24.430000000 – 24.740000000 — 42.138751714536 – 37.153194729108

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