AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 48.320000000 is likely expected.

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

Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. this 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’ heading down is 82%.

Download AVAX/USDT Signal Image

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