AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 11.23 is expected.
Caution: A possible change in the direction of the resistance level at 12.270000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 14.95 |
| Next High | 12.270000000 |
| Current Price | 10.920000000 |
| Next Low | 11.23 |
| 2nd Low | 8.52 |
| 3rd Low |
12.270000000 – 14.95 – 13.2 – 11.23 – 11.88 – 12.09 —
12.270000000 – 11.170000000 —
52.053243542123 – 26.819325493213 —
12.270000000 – 1769601600 —
– 1769601600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – – –