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 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 28.830000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

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

28.830000000 – 29.400000000 – 29.200000000 – 28.250000000 – 28.720000000 – 28.300000000 — 50.718781010288 – 47.10458757484

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