AVAX/USDT – 4H – SELL

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

The bearish trend downwards to the next support level at 28.220000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 35.810000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

35.810000000 – 31.250000000 – 29.990000000 – 28.220000000 – 28.250000000 – 23.860000000 — 52.781858641485 – 38.727157513299

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –