AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 10.7 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 11.05 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

11.05 – 11.09 – 12.18 – 10.7 – 10.8 – 11.69 —
11.010000000 – 11.030000000 —
42.631841332411 – 53.582091942494 —
– —
11.05000 – 1769772600

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