AVAX/USDT – 30M – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 12.15 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 11.97 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 12.15 should be noted.
Consider stop-loss settings accordingly.

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

12.15 – 12.19 – 12.5 – 11.97 – 12.06 – 12.03 —
12.050000000 – 12.110000000 —
34.778073808694 – 57.174398224467 —
– —
12.15000 – 1769257800

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –