AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 12.23 will persist.
Caution: A possible counter-trend in the direction of resistance at 14.53 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.86 |
| 2nd High | 14.83 |
| Next High | 14.53 |
| Current Price | 14.450000000 |
| Next Low | 12.23 |
| 2nd Low | 12.21 |
| 3rd Low | 12.14 |
14.53 – 13.86 – 12.67 – 12.23 – 12.21 – 12.53 — 68.103409337968 – 60.776081205916 — 100 – 89.781574849543 – 98.443370907139 – 96.593858283181
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – – –