AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.

A bearish trend down to the next support line at 20.320000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 21.530000000 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

21.530000000 – 21.220000000 – 18.590000000 – 20.320000000 – 20.810000000 – 20.720000000

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