AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
A descent downwards to the next support at 48.100000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 52.050000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 48.1 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 52.050000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 53.620000000 |
| Next High | 52.050000000 |
| Current Price | 48.990000000 |
| Next Low | 48.100000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing