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 line at 48.320000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 50.860000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 50.860000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download AVAX/USDT Signal Image

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