AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A descent down to the next support line at 43.650000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 53.950000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candlestick chart pattern is found. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 53.950000000 |
| Current Price | 52.930000000 |
| Next Low | 43.650000000 |
| 2nd Low | 41.510000000 |
| 3rd Low | 38.500000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing