AVAX/USDT – 1H – SELL

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

A descending movement down to the next support line at 38.800000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 45.050000000 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 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 39.995 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 45.050000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down