AVAX/USDT – 4H – SELL

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

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible change in the direction of the resistance line at 9.42 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Last Engulfing Bottom:’ candlestick pattern is discovered. The candles form ‘Last Engulfing Bottom:’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

9.42 – 10.34 – 12.27 – 8.43 – 7.55 – 9.16 —
9.310000000 – 9.170000000 —
59.12011820454 – 50.924953969741 —
– —
9.42 – 1771243200

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –