AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 9 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 9.21 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The 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%.

9.21 – 9.29 – 9.31 – 9.03 – 9 – 9.05 —
9.070000000 – 9.080000000 —
39.695434437564 – 49.064051120748 —
– —
9.21 – 1771401600

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