AVAX/USDT – 30M – BUY

The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A bearish movement downwards to the next support level at 41.450000000 is certain.

Caution: A possible change in the direction of the resistance zone at 42.190000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 40.48136 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 42.190000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down