AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 52.000000000 will persist.
Caution: A possible change in the direction of the resistance zone at 53.840000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ 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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.410000000 |
| 2nd High | 54.030000000 |
| Next High | 53.840000000 |
| Current Price | 52.980000000 |
| Next Low | 52.000000000 |
| 2nd Low | 50.720000000 |
| 3rd Low | 49.570000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing