AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 13.91 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 14.89 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

14.89 – 14.91 – 14.9 – 14.64 – 14.79 – 14.97 — 27.169792244413 – 20.931854253609 — 6.4894726587124 – 2.7369941202764 – 5.5549824830848 – 5.2164876770316

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