AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 34.940000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 45.050000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candlestick pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 38.020000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing