AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.

A descent down to the next support line at 10.21 will persist.

Caution: A possible change in the direction of the resistance level at 10.51 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 10.09 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 10.51 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

10.51 – 10.52 – 9.88 – 10.21 – 10.04 – 9.67 —
10.330000000 – 10.330000000 —
48.515185960534 – 52.635249025006 —
– —
10.51 – 1773700200

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –