AVAX/USDT – 1H – SELL

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 9.52276 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 9.58 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Inverted Hammer’ chart pattern is detected. The candles show ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).

9.02 – 9.58 – 9.78 – 8.69 – 8.79 – 9.26 —
9.130000000 – 9.320000000 —
57.625084614663 – 64.390146837172 —
– —
9.02 – 1772964000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Inverted Hammer – – –