AVAX/USDT – 30M – SELL

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

A bearish descent down to the next support line at 9.37 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 9.7 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

9.7 – 9.74 – 9.52 – 9.37 – 9.45 – 9.36 —
9.480000000 – 9.510000000 —
42.187317952732 – 44.417688788483 —
– —
9.7 – 1778139000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold – – –