AVAX/USDT – 1H – SELL

And also a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 22.190000000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 24.120000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

24.120000000 – 25.510000000 – 27.380000000 – 22.400000000 – 23.880000000 – 24.430000000 — 31.489396720933 – 28.880161828958

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Double top chart pattern –