AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 24.380000000 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 24.730000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Three Outside Down’ chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. 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).

24.730000000 – 24.620000000 – 24.580000000 – 24.380000000 – 24.090000000 – 24.150000000 — 56.137490529745 – 48.836256057381

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