AVAX/USDT – 30M – SELL

Then a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

A bearish trend down to the next support at 29.530000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 30.260000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 28.86994 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 30.260000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

30.260000000 – 31.000000000 – 30.450000000 – 29.530000000 – 29.670000000 – 29.170000000 — 34.391032546234 – 30.089644713458

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Double top chart pattern – –