AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards

A bearish movement down to the next support line at 22.960000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 26.100000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 24.315 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 26.100000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

23.910000000 – 24.440000000 – 24.200000000 – 22.960000000 – 22.870000000 – 22.530000000 — 62.152396681913 – 60.88622615619

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – –