AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.

A continuation of the downtrend down to the next support level at 21.440000000 is likely expected.

Caution: A possible change in the direction of the resistance line at 22.850000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. 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).

22.850000000 – 24.120000000 – 25.510000000 – 21.440000000 – 21.580000000 – 22.400000000 — 50.458626930494 – 49.945777809598

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