AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 24.390000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 24.970000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 24.245 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 24.970000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

24.970000000 – 25.330000000 – 24.620000000 – 24.390000000 – 24.240000000 – 23.860000000 — 49.658444698339 – 48.91033933418

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –