AVAX/USDT – 30M – SELL

Also there is a ‘Double bottom retreat down’ chart formation is found. The chart picture shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to go down.

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A bearish trend downwards to the next support level at 20.720000000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 22.660000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

21.220000000 – 18.590000000 – 18.880000000 – 20.720000000 – 17.690000000 – 17.500000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bearish Belt Hold – Double bottom retreat down