AVAX/USDT – 4H – SELL

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

A bearish descent down to the next support at 23.860000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 29.990000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 28.26248 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 29.990000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

29.990000000 – 25.780000000 – 25.330000000 – 23.860000000 – 22.670000000 – 23.100000000 — 64.450954381244 – 62.082364981188

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