AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 6.259 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

6.259 – 6.193 – 6.804 – 6.027 – 5.819 – 5.681 —
6.161000000 – 6.127000000 —
51.394420515296 – 51.903506172713 —
– —
6.259 – 1781938800

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