AVAX/USDT – 30M – SELL

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

A descent downwards to the next support level at 9.43 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 9.86 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish pattern signal. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.86 – 9.74 – 9.96 – 9.43 – 9.51 – 9.48 —
10.240000000 – 9.930000000 —
83.243578116917 – 53.066415358315 —
– —
9.86 – 1773235800

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