AVAX/USDT – 4H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A descent downwards to the next support at 30.590000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 37.270000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 37.490000000 |
| Next High | 37.270000000 |
| Current Price | 34.070000000 |
| Next Low | 30.590000000 |
| 2nd Low | 22.350000000 |
| 3rd Low |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing