AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.

A descending movement downwards to the next support line at 9.48 is likely expected.

Caution: A possible change in the direction of the resistance zone at 9.96 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency 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).

9.96 – 9.6 – 9.51 – 9.48 – 9.31 – 9.02 —
9.600000000 – 9.630000000 —
49.406465915776 – 53.082356518094 —
– —
9.96 – 1773158400

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