AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 48.320000000 will continue.

Caution: A possible change in the direction of resistance at 50.860000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 50.860000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern 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