AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 33.630000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 35.420000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 36.110000000 |
| 2nd High | 35.630000000 |
| Next High | 35.420000000 |
| Current Price | 34.750000000 |
| Next Low | 33.630000000 |
| 2nd Low | 31.150000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing