AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 6.707 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 6.504 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 6.707 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Falling Window’ chart pattern is existing. The chart shows ‘Falling Window’. 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 ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

6.707 – 6.642 – 6.64 – 6.601 – 6.476 – 6.501 —
6.672000000 – 6.643000000 —
56.307807366237 – 47.220798846912 —
– —
6.707 – 1781206200

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Falling Window – – –