AVAX/USDT – 30M – SELL

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

A descending movement down to the next support level at 6.717 will continue.

Caution: A possible trend reversal in the direction of resistance at 6.88 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Shooting Star’ candlestick pattern is existing. The chart forms ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

6.88 – 6.88 – 6.814 – 6.717 – 6.613 – 6.561 —
6.866000000 – 6.907000000 —
62.226122669933 – 67.014276102298 —
– —
6.88 – 1783049400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star – – –