AVAX/USDT – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 8.14706 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 9.19 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.19 – 9.48 – 10.34 – 8.72 – 9 – 7.55 —
9.100000000 – 8.980000000 —
52.902320524408 – 45.897938781079 —
– —
9.19 – 1770656400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –