AVAX/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 8.925 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 9.42 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

9.42 – 9.26 – 8.97 – 9.05 – 8.62 – 8.43 —
9.280000000 – 9.220000000 —
53.248255258974 – 49.123355129924 —
– —
9.42 – 1771246800

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –