AVAX/USDT – 30M – SELL

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

A bearish movement downwards to the next support at 40.890000000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 42.860000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 41.31158 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 42.860000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows