AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support at 41.240000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 45.050000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Last Engulfing Bottom:’ candlestick pattern is found. The chart forms ‘Last Engulfing Bottom:’. 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 ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 43.740000000 |
| Next Low | 41.240000000 |
| 2nd Low | 40.890000000 |
| 3rd Low | 38.800000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: