AVAX/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the bearish trend down to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 11.05 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

11.05 – 11.05 – 11.09 – 10.63 – 10.7 – 10.8 —
10.740000000 – 10.650000000 —
36.248555163844 – 38.013314372339 —
– —
11.05000 – 1769799600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Double top chart pattern – –