AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support level at 30.590000000 will persist.
Caution: A possible change in the direction of resistance at 37.270000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. 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 | 37.490000000 |
| Next High | 37.270000000 |
| Current Price | 35.350000000 |
| Next Low | 30.590000000 |
| 2nd Low | 22.350000000 |
| 3rd Low |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing