AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 23.360000000 is likely expected.

Caution: A possible change in the direction of the resistance level at 24.090000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 23.36 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 24.090000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Two Crows’ candle pattern is found. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

24.090000000 – 25.330000000 – 25.680000000 – 23.360000000 – 24.020000000 – 23.570000000 — 47.681854294228 – 43.310365707156

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