AVAX/USDT – 30M – SELL

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish 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 is certain. Current target is 9.175 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 9.38 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

9.38 – 9.13 – 9.25 – 8.99 – 8.97 – 9.06 —
9.280000000 – 9.260000000 —
56.367382748924 – 54.918146688422 —
– —
9.38 – 1777867200

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