AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 8.43 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 9.42 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

9.42 – 10.34 – 12.27 – 8.43 – 7.55 – 9.16 —
9.220000000 – 9.200000000 —
51.42771449796 – 51.508143387774 —
– —
9.42 – 1771243200

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