AVAX/USDT – 1H – SELL

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. 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 9.315 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 9.54 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Harami’ candle pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

9.54 – 9.71 – 9.17 – 9.26 – 9.21 – 8.97 —
9.460000000 – 9.500000000 —
56.270050837644 – 57.251943001145 —
– —
9.54 – 1776175200

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