AVAX/USDT – 30M – SELL

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 9.4023 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 9.52 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Last Engulfing Top’ candlestick pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

9.52 – 9.38 – 9.13 – 9.33 – 9.09 – 8.99 —
9.470000000 – 9.480000000 —
64.885563176188 – 61.596670840116 —
– —
9.52 – 1777987800

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