AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.

A bearish descent down to the next support line at 9.12 is likely expected.

Caution: A possible change in the direction of the resistance zone at 9.34 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Current target is 9.17736 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 9.34 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

9.34 – 9.26 – 8.94 – 9.12 – 8.74 – 8.62 —
9.330000000 – 9.320000000 —
58.882736544202 – 65.424196096379 —
– —
9.34 – 1771200000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –