AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downtrend down to the next support line at 21.570000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 22.850000000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 21.44 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 22.850000000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

22.850000000 – 24.120000000 – 23.670000000 – 21.570000000 – 21.440000000 – 21.630000000 — 56.754393394183 – 54.206119996659

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