AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 6.437 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 6.632 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. 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).

6.632 – 6.657 – 6.739 – 6.437 – 6.513 – 6.661 —
6.553000000 – 6.504000000 —
48.036574480347 – 45.113612635037 —
– —
6.632 – 1784239200

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