AVAX/USDT – 30M – SELL

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

A descending movement down to the next support line at 22.400000000 is expected.

Caution: A possible change in the direction of resistance at 24.120000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 22.4 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 24.120000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

24.120000000 – 23.670000000 – 24.510000000 – 22.400000000 – 23.100000000 – 23.880000000 — 38.717865314401 – 34.695583775521

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