AVAX/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 8.87 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 9.65 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.65 – 9.61 – 9.75 – 8.87 – 9.05 – 9.41 —
9.090000000 – 9.180000000 —
36.185247984397 – 52.347202830305 —
– —
9.65 – 1774044000

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