AVAX/USDT – 30M – SELL

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

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

Caution: A possible change in the direction of resistance at 50.860000000 should be noted.
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 likely expected. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 50.860000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘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 probability of ‘Three Black Crows’ going down is 82%.

Download AVAX/USDT Signal Image

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