AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.

A descent down to the next support at 24.830000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 26.530000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 24.92 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 26.530000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. 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).

26.530000000 – 25.550000000 – 25.230000000 – 24.830000000 – 25.070000000 – 24.520000000

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