AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards

A bearish trend downwards to the next support level at 32.310000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 45.270000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 38.79 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 45.270000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. 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’ heading down is 82%.

Download AVAX/USDT Signal Image

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