AVAX/USDT – 1H – SELL

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

The bearish trend downwards to the next support level at 13.68 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 14.22 could happen.
Consider stop-loss settings accordingly.

Next a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

13.99 – 13.94 – 14.22 – 13.68 – 13.64 – 13.61 — 58.102506254992 – 54.891199306154 — 82.069782913076 – 80.594114032778 – 79.627954969414 – 82.425834616617

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Double bottom retreat down – –