AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 33.030000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 35.750000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 36.160000000 |
| 2nd High | 36.110000000 |
| Next High | 35.750000000 |
| Current Price | 33.790000000 |
| Next Low | 33.030000000 |
| 2nd Low | 31.150000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing