AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 28.220000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 30.410000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 31.250000000 |
| 2nd High | 30.640000000 |
| Next High | 30.410000000 |
| Current Price | 29.510000000 |
| Next Low | 28.220000000 |
| 2nd Low | 24.900000000 |
| 3rd Low | 24.260000000 |
30.410000000 – 30.640000000 – 31.250000000 – 28.220000000 – 28.960000000 – 29.270000000 — 56.582433649556 – 52.12789654124
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – – –