AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards

The bearish trend downwards to the next support level at 25.220000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 26.300000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

26.300000000 – 26.770000000 – 25.400000000 – 25.220000000 – 24.690000000 – 22.190000000 — 42.308404629588 – 40.350268684244

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