AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 48.320000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 50.860000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 50.860000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. 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