AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.

A descent down to the next support line at 43.650000000 is certain.

Caution: A possible change in the direction of the resistance line at 53.950000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 50.25896 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 53.950000000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency 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