AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 48.320000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 50.860000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 50.860000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows