AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 10.16 will persist.

Caution: A possible change in the direction of resistance at 10.34 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

10.34 – 10.51 – 10.52 – 10.16 – 10.21 – 10.04 —
10.240000000 – 10.260000000 —
42.744843116978 – 47.54807188047 —
– —
10.34 – 1773784800

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