AVAX/USDT – 1H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 30.590000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 36.160000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 31.61072 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 36.160000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download AVAX/USDT Signal Image

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