AVAX/USDT – 30M – SELL

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

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

Caution: A possible change in the direction of the resistance zone at 9.74 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

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 is likely to fall.

Moreover a ‘Last Engulfing Top’ candle pattern is existing. The candles show ‘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 success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

9.74 – 9.52 – 9.38 – 9.36 – 9.33 – 9.09 —
9.630000000 – 9.620000000 —
54.137839966002 – 56.465291317321 —
– —
9.74 – 1778056200

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