AVAX/USDT – 30M – SELL

Additionally a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 10.02 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 10.52 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Separating Lines’ candle pattern is discovered. The candles form ‘Bearish Separating Lines’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Separating Lines’ heading down is 63% (Bull Market) & 76% (Bear Market).

10.52 – 9.88 – 9.81 – 10.04 – 9.67 – 9.66 —
10.370000000 – 10.510000000 —
59.569639735095 – 66.270544778625 —
– —
10.52 – 1773639000

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Separating Lines – – –