AVAX/USDT – 30M – SELL

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

A bearish descent down to the next support line at 9 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 9.29 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.29 – 9.31 – 9.42 – 9 – 9.05 – 9.18 —
9.260000000 – 9.180000000 —
58.048998936881 – 52.802042264161 —
– —
9.29 – 1771345800

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