AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 48.320000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 50.860000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 48.1 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 50.860000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish 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