AVAX/USDT – 30M – SELL

And also a ‘Double bottom retreat down’ chart formation is detected. The chart forms ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards

A bearish descent downwards to the next support level at 24.520000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 26.530000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

26.530000000 – 25.550000000 – 25.230000000 – 24.520000000 – 23.310000000 – 23.010000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Outside Down – Double bottom retreat down