AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at 8.92 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 9.62 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candle pattern is detected. 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%.

9.62 – 9.66 – 9.11 – 8.92 – 8.46 – 8.74 —
9.180000000 – 9.460000000 —
54.218751138832 – 65.797247205856 —
– —
9.62 – 1775602800

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