AVAX/USDT – 30M – SELL

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

A bearish trend down to the next support level at 29.380000000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 34.030000000 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 32.79 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 34.030000000 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

34.030000000 – 34.110000000 – 35.810000000 – 32.790000000 – 33.000000000 – 32.860000000 — 53.594282600831 – 47.114161424822

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