AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 42.360000000 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 44.250000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 41.485 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 44.250000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish signal. The 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