AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 48.320000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 50.860000000 should always be considered.
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 continue. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 50.860000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘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 chance of ‘Three Black Crows’ heading down is 82%.

Download AVAX/USDT Signal Image

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