AVAX/USDT – 4H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 8.42 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 9.78 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish 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%.

9.78 – 9.48 – 9.84 – 8.42 – 8.18 – 8.66 —
9.060000000 – 9.020000000 —
39.900907102768 – 37.432047767638 —
– —
9.78 – 1772640000

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