AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 14.64 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 14.89 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘RSI fall below 30’ indicator layout is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

14.89 – 14.91 – 14.9 – 14.64 – 14.79 – 14.97 — 34.067784556135 – 29.62208849211 — 32.501070902938 – 34.560416191487 – 28.505480999654 – 30.996539442622

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