AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 24.850000000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 25.260000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 24.15 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 25.260000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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%.

25.260000000 – 25.770000000 – 23.910000000 – 24.850000000 – 22.960000000 – 22.870000000 — 48.658753130812 – 46.008807638791

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