AVAX/USDT – 4H – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.

A bearish descent downwards to the next support level at 18.430000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 22.660000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

22.660000000 – 21.700000000 – 24.350000000 – 18.680000000 – 18.430000000 – 19.770000000

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