AVAX/USDT – 30M – SELL

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

A bearish trend down to the next support level at 29.380000000 is certain.

Caution: A possible change in the direction of the resistance level at 35.810000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative 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).

35.810000000 – 33.290000000 – 30.260000000 – 29.380000000 – 29.530000000 – 29.670000000 — 45.862661332144 – 44.167217167834

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