AVAX/USDT – 30M – SELL

There is also a ‘Double top chart pattern’ chart pattern is existing. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descent down to the next support level at 29.530000000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 30.260000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 28.86994 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 30.260000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

30.260000000 – 31.000000000 – 30.450000000 – 29.530000000 – 29.670000000 – 29.170000000 — 34.391032546234 – 30.089644713458

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Double top chart pattern – –