AVAX/USDT – 30M – SELL

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

A bearish descent downwards to the next support line at 33.030000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 35.750000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 33.03 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 35.750000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

Download AVAX/USDT Signal Image

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