AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 8.82 is certain.

Caution: A possible change in the direction of resistance at 9.02 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.

9.02 – 9.46 – 9.51 – 8.82 – 8.79 – 8.87 —
8.870000000 – 8.950000000 —
45.132666935821 – 48.456138736674 —
– —
9.02 – 1772964000

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