AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 9.360000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 9.57 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Last Engulfing Top’ candle chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.01 |
| 2nd High | 9.68 |
| Next High | 9.57 |
| Current Price | 9.520000000 |
| Next Low | 9.360000000 |
| 2nd Low | 9.33 |
| 3rd Low | 9.09 |
9.52 – 9.38 – 9.13 – 9.360000000 – 9.33 – 9.09 —
9.410000000 – 9.560000000 —
49.981891389803 – 67.102588720005 —
9.360000000 – 1778023800 —
9.52 – 1777987800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – – –