AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 38.500000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 44.250000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 47.930000000 |
| 2nd High | 44.470000000 |
| Next High | 44.250000000 |
| Current Price | 42.100000000 |
| Next Low | 38.500000000 |
| 2nd Low | 38.310000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing