AVAX/USDT – 30M – SELL

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

The bearish trend down to the next support level at 49.570000000 will persist.

Caution: A possible change in the direction of the resistance line at 53.620000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 49.57 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 53.620000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. 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