AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 20.390000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 21.510000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

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

21.510000000 – 22.000000000 – 22.080000000 – 20.390000000 – 20.990000000 – 20.180000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Inside Down – Double bottom retreat down