AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.

A bearish descent downwards to the next support at 43.400000000 is considered certain.

Caution: A possible change in the direction of the resistance zone at 45.050000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 43.145 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 45.050000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Inside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

Download AVAX/USDT Signal Image

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