AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 49.330000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 53.620000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 54.030000000 |
| 2nd High | 53.840000000 |
| Next High | 53.620000000 |
| Current Price | 49.510000000 |
| Next Low | 49.330000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing