AVAX/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 48.320000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 50.860000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 50.860000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The 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