AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 9.28 will persist.

Caution: A possible trend reversal in the direction of resistance at 9.44 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.44 – 9.45 – 9.68 – 9.28 – 9.16 – 9.19 —
9.440000000 – 9.440000000 —
56.305148639173 – 58.386874571378 —
– —
9.44 – 1776994200

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