AVAX/USDT – 1H – SELL

Moreover a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A descending movement down to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 27.380000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 23.5679 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 27.380000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

27.380000000 – 25.770000000 – 24.440000000 – 24.740000000 – 22.870000000 – 22.530000000 — 30.808774209439 – 28.150858929218

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Double top chart pattern –