AVAX/USDT – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 6.5915 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 6.69 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Harami’ chart pattern is detected. The candles form ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

6.69 – 6.707 – 6.642 – 6.527 – 6.601 – 6.476 —
6.572000000 – 6.653000000 —
36.978655256888 – 52.925973511831 —
– —
6.69 – 1781238600

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