AVAX/USDT – 30M – SELL

Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 11.42688 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 11.75 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. this is a bearish 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).

11.75 – 12.06 – 12.12 – 11.23 – 11.83 – 11.87 —
11.650000000 – 11.780000000 —
48.948636272398 – 59.672692244341 —
– —
11.75000 – 1769391000

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