AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 48.320000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 50.860000000 could occur.
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 persist. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 50.860000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. 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’ going down is 82%.

Download AVAX/USDT Signal Image

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