AVAX/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 19.360000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 21.130000000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 19.78 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 21.130000000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ chart pattern is discovered. 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’ going down is 82%.

21.130000000 – 19.950000000 – 19.500000000 – 20.670000000 – 19.360000000 – 18.430000000

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