AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 24.090000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 25.110000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick pattern is detected. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

25.110000000 – 25.780000000 – 24.280000000 – 24.090000000 – 23.860000000 – 23.510000000 — 50.205966079576 – 49.718774335276

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