AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

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

Caution: A possible trend reversal in the direction of the resistance level at 50.860000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 50.860000000 could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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