AVAX/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 32.860000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 34.030000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The 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’ going down is 69% (Bull Market) & 70% (Bear Market).

34.030000000 – 35.810000000 – 30.260000000 – 32.860000000 – 33.340000000 – 29.380000000 — 41.100723405558 – 40.730129850679

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