AVAX/USDT – 1H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 25.200000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 23.03 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 25.200000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a negative pattern 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).

25.200000000 – 25.080000000 – 25.330000000 – 23.100000000 – 24.130000000 – 24.240000000 — 49.893724131026 – 49.095451388732

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