AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 39.340000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 44.190000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Engulfing’ candle pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 45.050000000 |
| 2nd High | 44.570000000 |
| Next High | 44.190000000 |
| Current Price | 39.570000000 |
| Next Low | 39.340000000 |
| 2nd Low | 38.800000000 |
| 3rd Low | 34.950000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing