AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 48.320000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 50.860000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download AVAX/USDT Signal Image

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