AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 48.320000000 will continue.

Caution: A possible change in the direction of the resistance line at 50.860000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 50.860000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download AVAX/USDT Signal Image

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