AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 48.320000000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 50.860000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 50.860000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download AVAX/USDT Signal Image

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