AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 48.320000000 is likely expected.

Caution: A possible change in the direction of the resistance line at 50.860000000 could be enabled.
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 is likely expected. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 50.860000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download AVAX/USDT Signal Image

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