AVAX/USDT – 30M – SELL

Next a ‘Head and Shoulder chart pattern’ chart formation is existing. The chart forms ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support at 12.09 is expected.

Caution: A possible change in the direction of the resistance zone at 12.76 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 12.09 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 12.76 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

12.76 – 12.86 – 12.84 – 12.63 – 12.62 – 12.09 —
12.530000000 – 12.550000000 —
40.137777646946 – 43.343720659039 —
– —
12.76000 – 1768887000

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