AVAX/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 27.380000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The 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 — 44.96733891885 – 40.364234277242

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