AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 29.670000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 31.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Inside Down’ chart pattern is discovered. The chart shows ‘Three Inside 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

31.000000000 – 30.450000000 – 29.020000000 – 29.670000000 – 29.170000000 – 28.290000000 — 50.112725986997 – 47.908890665796

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