AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 21.770000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 22.310000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. which is a negative 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’ going down is 69% (Bull Market) & 70% (Bear Market).

22.310000000 – 22.850000000 – 24.120000000 – 21.770000000 – 21.570000000 – 21.440000000 — 54.062112564681 – 52.100803035364

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