AVAX/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at 8.79 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 8.990000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. this 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%.

8.990000000 – 9.02 – 9.46 – 8.82 – 8.79 – 8.87 —
8.990000000 – 8.900000000 —
55.1302555539 – 50.406104601113 —
8.990000000 – 1773001800 —
– 1773001800

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