AVAX/USDT – 30M – SELL

Next a ‘Head and Shoulder chart pattern’ chart formation is detected. The chart forms ‘Head and Shoulder chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

The bearish trend down to the next support line at 13.47 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 14.48 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

14.48 – 14.95 – 14.85 – 14.12 – 14.41 – 13.47 — 29.497661462425 – 24.784120749006 — 0 – 0 – 7.4086609017362 – 0.30283435715055

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Head and Shoulder chart pattern – –