AVAX/USDT – 30M – SELL

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

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

Caution: A possible change in the direction of the resistance line at 9.38 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Three Inside Down’ candle pattern is discovered. The chart forms ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

9.38 – 9.48 – 9.68 – 9.150000000 – 7.55 – 9.55 —
9.230000000 – 9.330000000 —
53.696747635123 – 59.158849559619 —
9.150000000 – 1770484200 —
9.38 – 1770418800

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