AVAX/USDT – 1H – SELL

Then a ‘Double bottom retreat down’ chart pattern is found. The formation shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to go down.

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

A bearish movement down to the next support at 22.760000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 24.600000000 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Inside Down’ candle chart pattern is detected. The candles form ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going 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 – –