AVAX/USDT – 30M – SELL

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 9.415 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 9.7 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘On Neck’ candlestick chart pattern is found. The chart forms ‘On Neck’. 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 probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

9.7 – 9.74 – 9.52 – 9.45 – 9.36 – 9.33 —
9.610000000 – 9.650000000 —
47.857013930884 – 53.814660870916 —
– —
9.7 – 1778139000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – On Neck – – –