AVAX/USDT – 4H – SELL

Additionally a ‘Double top chart pattern’ chart layout is detected. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 22.760000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 25.680000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

25.680000000 – 25.990000000 – 24.820000000 – 23.180000000 – 22.760000000 – 21.440000000 — 42.200869051536 – 37.572579344972

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Double top chart pattern – –