AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support line at 48.100000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 52.050000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.410000000 |
| 2nd High | 53.840000000 |
| Next High | 52.050000000 |
| Current Price | 48.550000000 |
| Next Low | 48.100000000 |
| 2nd Low | 41.320000000 |
| 3rd Low | 40.400000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing