AVAX/USDT – 30M – SELLThen a ‘Double top chart pattern’ chart formation is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at is likely expected.
Caution: A possible change in the direction of the resistance line at 13.99 could occur.
Consider stop-loss settings accordingly.
Then a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The pair is likely to go down.
Then a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish 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’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 13.99 |
| Current Price | 13.190000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
13.99 – 14.93 – 14.73 – 13.5 – 14.36 – 14.03 — 31.511343801604 – 22.037983503002 — 10.309122743464 – 10.309122743464 – 12.794008018655 – 11.150089703303
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Double top chart pattern – –