AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.

A bearish trend down to the next support line at 13.48 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 14.22 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 13.48 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 14.22 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

14.22 – 13.99 – 13.94 – 13.48 – 13.68 – 13.64 — 43.959938187778 – 39.818977239001 — 44.40513003784 – 34.685073339085 – 48.879702627654 – 42.377261543863

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