AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 23.570000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 25.660000000 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candle pattern is found. The candles show ‘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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

25.660000000 – 25.990000000 – 25.440000000 – 23.570000000 – 23.460000000 – 23.180000000 — 47.337206533368 – 37.910529851989

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