AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance line at 24.120000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition 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 chart scenario. The pair is likely to go down.

In addition a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 21.63 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 24.120000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

24.120000000 – 23.670000000 – 24.510000000 – 21.630000000 – 22.400000000 – 23.100000000 — 52.985297795537 – 50.588165782771

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