AVAX/USDT – 30M – SELL

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

A bearish movement downwards to the next support at 36.330000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 37.730000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 36.28 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 37.730000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows