AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 32.580000000 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 33.610000000 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Three Black Crows’ candlestick pattern is existing. 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 probability of ‘Three Black Crows’ going down is 82%.

33.610000000 – 34.030000000 – 34.110000000 – 32.580000000 – 32.790000000 – 33.000000000 — 42.105627077627 – 39.349733016124

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