AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 11.97 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 12.39 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

12.39 – 12.76 – 12.86 – 11.97 – 12.06 – 12.63 —
12.370000000 – 12.250000000 —
55.993344618427 – 44.125055477942 —
– —
12.39000 – 1768973400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –