AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support level at 22.400000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 24.120000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Three Line Strike – Bearish’ candlestick pattern is discovered. The candles show ‘Three Line Strike – Bearish’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

24.120000000 – 25.510000000 – 27.380000000 – 22.400000000 – 23.880000000 – 24.430000000 — 36.122069585242 – 30.166236816616

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Line Strike – Bearish – –