AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support at 24.710000000 will continue.

Caution: A possible change in the direction of resistance at 26.100000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 25.13952 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 26.100000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black 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 probability of ‘Three Black Crows’ heading down is 82%.

26.100000000 – 26.090000000 – 26.530000000 – 24.710000000 – 24.770000000 – 24.830000000

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