AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 48.320000000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 50.860000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 50.860000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The 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