AVAX/USDT – 1H – SELL

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

A descending movement down to the next support line at 20.390000000 will continue.

Caution: A possible change in the direction of resistance at 24.350000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘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 chance of ‘Bearish Engulfing’ going down is 79%.

22.580000000 – 22.080000000 – 21.080000000 – 20.390000000 – 20.990000000 – 20.180000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern