AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A descent downwards to the next support line at 43.650000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 52.330000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 52.330000000 |
| Current Price | 49.500000000 |
| Next Low | 43.650000000 |
| 2nd Low | 42.630000000 |
| 3rd Low | 41.510000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing