AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support line at 13.91 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 14.91 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Inside Down’ candlestick chart pattern is found. The chart forms ‘Three Inside 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 success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

14.91 – 15.27 – 15.17 – 14.64 – 14.78 – 13.91 — 28.414936664253 – 27.075678395523 — 14.977307110439 – 19.750808703246 – 9.0786278806256 – 14.42751189993

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Inside Down – – –