AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 35.520000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 41.900000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Last Engulfing Bottom:’ candlestick pattern is discovered. The candles form ‘Last Engulfing Bottom:’. 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 ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 41.900000000 |
| Current Price | 37.590000000 |
| Next Low | 35.520000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: