AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 36.280000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 38.140000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Bottom:’ candle pattern is found. The chart shows ‘Last Engulfing Bottom:’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 41.900000000 |
| 2nd High | 39.050000000 |
| Next High | 38.140000000 |
| Current Price | 37.330000000 |
| Next Low | 36.280000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: