AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A descent down to the next support level at 28.220000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 35.810000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 29.24 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 35.810000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative 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%.

35.810000000 – 31.250000000 – 29.990000000 – 28.220000000 – 28.250000000 – 23.860000000 — 40.751819712847 – 34.762324336935

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –