AVAX/USDT – 4H – SELL

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

A continuation of the downward movement downwards to the next support at 27.92 is certain.

Caution: A possible change in the direction of the resistance line at 31.57 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 27.07 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 31.57 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Inside Down’ candlestick chart pattern is discovered. The candles show ‘Three Inside Down’. 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

31.57 – 31.38 – 35.81 – 29.48 – 28.81 – 27.92 — 43.10431240449 – 37.425042234025 — 50.036671724836 – 56.287184654645 – 36.661186983645 – 48.211897498269

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