AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 8.92 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 9.75 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 9.26 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 9.75 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

9.19 – 9.57 – 9.64 – 8.92 – 8.87 – 9.06 —
9.590000000 – 9.670000000 —
75.218179793875 – 69.247713514261 —
– —
9.19 – 1774234800

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