AVAX/USDT – 30M – SELL

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

A descending movement downwards to the next support line at 9.12 is expected.

Caution: A possible counter-trend in the direction of resistance at 9.26 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. 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).

9.26 – 8.94 – 8.97 – 9.12 – 8.74 – 8.62 —
9.260000000 – 9.310000000 —
69.250947705071 – 66.300696876975 —
– —
9.26 – 1771000200

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