AVAX/USDT – 30M – SELL

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

The bearish trend downwards to the next support line at 13.87 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 14.89 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. this is usually a bearish signal. The currency pair could go down.

There is also a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

14.35 – 13.74 – 13.02 – 13.87 – 12.84 – 12.54 — 71.537013505476 – 69.336579521949 — 62.48125881743 – 48.222657023767 – 77.081044296925 – 64.026008104214

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