AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A bearish movement downwards to the next support level at 32.310000000 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 35.750000000 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 34.9 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 35.750000000 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download AVAX/USDT Signal Image

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