AVAX/USDT – 30M – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 9.94 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 10.34 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

10.34 – 10.21 – 10.32 – 9.54 – 9.97 – 9.95 —
10.140000000 – 10.140000000 —
55.97388079238 – 55.817149682122 —
– —
10.34 – 1770150600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – – –