AVAX/USDT – 4H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards

A descending movement downwards to the next support level at 8.920000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 9.45 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Last Engulfing Bottom:’ chart pattern is discovered. The candles form ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

9.45 – 9.57 – 9.68 – 8.920000000 – 9.08 – 9.16 —
9.190000000 – 9.120000000 —
38.238244297455 – 40.739776983823 —
8.920000000 – 1777478400 —
9.45 – 1777449600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: – – –