AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A descending movement down to the next support at 36.280000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 38.140000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 41.900000000 |
| 2nd High | 39.050000000 |
| Next High | 38.140000000 |
| Current Price | 36.580000000 |
| Next Low | 36.280000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: