AVAX/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is found. The chart picture forms ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A bearish movement down to the next support at 9.03 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 9.21 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Next a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

9.21 – 9.29 – 9.31 – 9.03 – 9 – 9.05 —
9.070000000 – 9.060000000 —
42.495526579507 – 45.483163450854 —
– —
9.21 – 1771401600

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