AVAX/USDT – 30M – SELL

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 6.6816 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 6.776 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Inside Down’ candlestick pattern is found. The chart forms ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

6.776 – 6.769 – 6.686 – 6.376 – 6.54 – 6.52 —
6.460000000 – 6.791000000 —
34.324627570921 – 72.386955644579 —
– —
6.776 – 1781386200

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Inside Down – – –