AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downtrend down to the next support line at 10.42 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 11.05 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

11.05 – 11.05 – 11.09 – 10.42 – 10.63 – 10.7 —
10.600000000 – 10.230000000 —
36.089767249541 – 22.740196486644 —
– —
11.05000 – 1769799600

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