AVAX/USDT – 1H – SELL

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

A bearish movement downwards to the next support line at 22.870000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 25.510000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

25.510000000 – 27.380000000 – 25.770000000 – 24.430000000 – 24.740000000 – 22.870000000 — 34.223538659625 – 32.213872969509

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern –