AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A bearish descent downwards to the next support line at 9.39 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 9.55 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Last Engulfing Top’ chart pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

9.55 – 9.53 – 9.37 – 9.39 – 9.4 – 9.28 —
9.470000000 – 9.550000000 —
47.329020890626 – 62.533786430943 —
– —
9.55 – 1777228200

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – – –