AVAX/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 29.170000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 31.250000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. 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 considered certain. Target of the current trend is 29.92372 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 31.250000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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’ heading down is 82%.

30.450000000 – 29.020000000 – 30.300000000 – 29.170000000 – 28.290000000 – 28.220000000 — 60.697272487951 – 59.358291240117

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