AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A descent down to the next support level at 9.36 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 9.74 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. 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’ going down is 79%.

9.74 – 9.52 – 9.38 – 9.36 – 9.33 – 9.09 —
9.620000000 – 9.600000000 —
56.313527826864 – 51.153867342042 —
– —
9.74 – 1778056200

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