AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 22.760000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 24.600000000 could happen.
Consider stop-loss settings accordingly.

Besides a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which could be a positive chart scenario. The currency pair could go up.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

24.600000000 – 24.050000000 – 24.550000000 – 22.760000000 – 23.540000000 – 23.260000000 — 59.814742559981 – 57.933077456846

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