AVAX/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 48.320000000 is considered certain.

Caution: A possible change in the direction of resistance at 50.860000000 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 50.860000000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download AVAX/USDT Signal Image

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