AVAX/USDT – 30M – SELL

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

A descent down to the next support at 8.8 will continue.

Caution: A possible trend reversal in the direction of resistance at 9.05 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

9.05 – 9.084 – 9.016 – 8.8 – 8.916 – 8.656 —
9.029000000 – 9.045000000 —
56.123176166381 – 58.548428991393 —
– —
9.05 – 1780228800

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