AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible counter-trend in the direction of the resistance line at 14 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 13.56762 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 14 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

14 – 14.22 – 13.99 – 13.47 – 13.39 – 13.51 — 57.958199530477 – 55.190803806913 — 90.875399859562 – 78.177420613248 – 96.958466619854 – 89.684273490937

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –