AVAX/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at is certain.

Caution: A possible counter-trend in the direction of the resistance level at 9.500000000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

9.500000000 – 9.48 – 9.45 – 9.16 – 9.21 – 9.17 —
9.500000000 – 9.440000000 —
59.670990438648 – 49.300609914654 —
9.500000000 – 1777096800 —
– 1777096800

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –