AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 9.33 is certain.

Caution: A possible change in the direction of the resistance line at 9.600000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. 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%.

9.600000000 – 9.58 – 9.75 – 9.33 – 9.44 – 9.48 —
9.600000000 – 9.600000000 —
58.614449804581 – 55.921367136358 —
9.600000000 – 1773970200 —
– 1773970200

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