AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 35.520000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 37.730000000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 39.050000000 |
| 2nd High | 38.140000000 |
| Next High | 37.730000000 |
| Current Price | 36.210000000 |
| Next Low | 35.520000000 |
| 2nd Low | 35.180000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing