AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 29.170000000 is certain.

Caution: A possible change in the direction of resistance at 31.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 29.61 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 31.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

31.000000000 – 30.450000000 – 29.020000000 – 29.170000000 – 28.290000000 – 28.220000000 — 54.485027665119 – 43.339032947977

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Double bottom retreat down – –