AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.

A bearish movement down to the next support level at 9.45 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 9.74 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern 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%.

9.74 – 9.52 – 9.38 – 9.45 – 8.99 – 8.97 —
9.570000000 – 9.610000000 —
53.920392478661 – 50.985791834358 —
– —
9.74 – 1778054400

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