AVAX/USDT – 30M – SELL

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

A descending movement down to the next support at 13.91 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 14.53 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black 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 probability of ‘Three Black Crows’ going down is 82%.

14.53 – 13.86 – 13.69 – 13.91 – 14.08 – 14 — 57.413501883914 – 54.873486637221 — 80.443412478466 – 56.275510823645 – 89.269382000916 – 76.044682753847

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