AVAX/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 9.16 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 11.05 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which 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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

11.05 – 11.05 – 11.09 – 9.16 – 10.42 – 10.63 —
10.190000000 – 10.230000000 —
52.376312178623 – 54.974865576362 —
– —
11.05000 – 1769799600

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