AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 23.030000000 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 26.770000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Last Engulfing Top’ chart pattern is existing. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

26.770000000 – 25.680000000 – 25.990000000 – 23.030000000 – 22.190000000 – 22.230000000 — 53.751310099385 – 51.392617752148

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – – –