AVAX/USDT – 4H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A bearish descent down to the next support at is considered certain.

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

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘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 — 46.222964800292 – 44.661664604101

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