AVAX/USDT – 30M – SELL

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

The bearish trend down to the next support at 24.520000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 26.840000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

25.550000000 – 25.230000000 – 24.020000000 – 24.520000000 – 23.310000000 – 23.010000000

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