AVAX/USDT – 30M – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 6.544 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 6.804 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

6.492 – 6.496 – 6.544 – 5.998 – 6.356 – 6.013 —
6.427000000 – 6.640000000 —
59.67728027979 – 72.981259479608 —
– —
6.492 – 1782338400

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