AVAX/USDT – 1H – SELL

And also a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

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

A bearish trend down to the next support level at 22.760000000 is considered certain.

Caution: A possible change in the direction of resistance at 24.600000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Inside Down’ candle chart pattern is discovered. The candles show ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

24.600000000 – 24.820000000 – 23.700000000 – 22.760000000 – 23.260000000 – 24.020000000 — 60.926199783445 – 53.213954478617

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Inside Down – Double bottom retreat down – –