AVAX/USDT – 4H – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 8.69 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 9.78 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.78 – 9.48 – 9.84 – 8.69 – 8.42 – 8.18 —
9.810000000 – 9.760000000 —
70.417857149235 – 64.544310995069 —
– —
9.78 – 1772640000

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