AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A bearish descent downwards to the next support line at 35.520000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 39.050000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 35.52 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 39.050000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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