AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards

A bearish movement down to the next support line at 22.530000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 26.530000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 24.39892 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 26.530000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

26.530000000 – 21.530000000 – 19.170000000 – 22.530000000 – 20.390000000 – 17.500000000 — 58.613045523902 – 53.896024875631

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –