AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 34.940000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 40.600000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.840000000 |
| 2nd High | 41.900000000 |
| Next High | 40.600000000 |
| Current Price | 39.740000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing