AVAX/USDT – 1H – SELL

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

A bearish descent downwards to the next support line at 38.310000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 45.270000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 42.21144 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 45.270000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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