AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 47.800000000 will persist.
Caution: A possible change in the direction of the resistance level at 53.950000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 53.950000000 |
| Current Price | 53.660000000 |
| Next Low | 47.800000000 |
| 2nd Low | 43.650000000 |
| 3rd Low | 42.630000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing