AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 22.190000000 is likely expected.

Caution: A possible change in the direction of the resistance level at 24.560000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 23.98 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 24.560000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.

24.560000000 – 26.570000000 – 26.300000000 – 23.980000000 – 24.920000000 – 25.220000000 — 28.088989183523 – 22.470699640302

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