AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 13.91 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 14.91 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K fall below 80’ indicator layout is found. The indicator shows ‘%K fall below 80’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 14.07052 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 14.91 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ chart pattern is detected. 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%.

14.91 – 15.27 – 15.17 – 14.64 – 14.78 – 13.91 — 28.749253126679 – 25.869312620324 — 11.462168251003 – 0 – 39.847122247254 – 16.347662569982

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