AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support at 12.84 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 14.35 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Last Engulfing Top’ candle pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.91 |
| 2nd High | 14.89 |
| Next High | 14.35 |
| Current Price | 14.060000000 |
| Next Low | 12.84 |
| 2nd Low | 12.54 |
| 3rd Low |
14.35 – 13.74 – 13.02 – 12.84 – 12.54 – 12.87 — 66.464904185282 – 55.262249414884 — 42.544293720022 – 37.521706451028 – 25.304920441124 – 34.970723116221
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – – –