AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 5.968 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 6.193 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

6.193 – 6.804 – 7.018 – 5.968 – 6.214 – 6.575 —
5.972000000 – 5.975000000 —
29.49707584883 – 44.67413808926 —
– —
6.193 – 1781875800

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