AVAX/USDT – 1H – SELL

There is also a ‘Double top chart pattern’ chart layout is existing. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A continuation of the downtrend down to the next support at 22.190000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 24.120000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair could go down.

There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

24.120000000 – 25.510000000 – 27.380000000 – 22.400000000 – 23.880000000 – 24.430000000 — 31.489396720933 – 28.880161828958

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Double top chart pattern –