AVAX/USDT – 30M – SELL

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 6.713194 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 6.805 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Bearish Belt Hold’ chart pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

6.805 – 6.776 – 6.769 – 6.376 – 6.54 – 6.52 —
6.759000000 – 6.794000000 —
63.313603868916 – 60.427105755568 —
– —
6.805 – 1781481600

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