AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 23.160000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 24.460000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

24.460000000 – 25.200000000 – 25.080000000 – 24.130000000 – 24.390000000 – 24.240000000 — 37.736905397148 – 36.255418908946

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Double top chart pattern – –