AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at is expected.

Caution: A possible change in the direction of resistance at 12.06 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Last Engulfing Top’ candle pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

12.06 – 12.12 – 12.15 – 11.23 – 11.83 – 11.87 —
11.440000000 – 11.720000000 —
31.974633744361 – 55.789629914727 —
– —
12.06000 – 1769337000

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