AVAX/USDT – 1H – SELL

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 6.282 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 6.791 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

6.791 – 6.834 – 6.813 – 6.282 – 6.692 – 6.649 —
6.402000000 – 6.481000000 —
27.26243679223 – 39.882450489896 —
– —
6.791 – 1783778400

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