AVAX/USDT – 30M – SELL

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

A bearish trend downwards to the next support line at 24.260000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 24.690000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Upside Gap Two Crows’ chart pattern is found. The chart shows ‘Upside Gap Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Upside Gap Two Crows’ heading down is 60% (Bull Market) & 53% (Bear Market).

24.690000000 – 24.730000000 – 24.620000000 – 24.260000000 – 24.380000000 – 24.090000000 — 63.097759603919 – 61.489337624005

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Upside Gap Two Crows – – –