AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 48.100000000 is likely expected.
Caution: A possible change in the direction of resistance at 55.410000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 55.790000000 |
| Next High | 55.410000000 |
| Current Price | 48.530000000 |
| Next Low | 48.100000000 |
| 2nd Low | 40.400000000 |
| 3rd Low | 38.500000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing