AVAX/USDT – 30M – SELL

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

A descending movement down to the next support line at 29.270000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 31.250000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

31.250000000 – 28.830000000 – 29.400000000 – 29.270000000 – 28.250000000 – 28.720000000 — 46.328835912499 – 44.984595916179

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