AVAX/USDT – 30M – SELL

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

A bearish trend down to the next support at 22.760000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 24.900000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘RSI fall below 70’ indicator signal is found. The indicator shows ‘RSI fall below 70’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a bearish 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

24.900000000 – 24.600000000 – 24.050000000 – 22.760000000 – 23.540000000 – 23.260000000 — 57.019232595511 – 52.160214580205

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