AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 8.96 is certain.
Caution: A possible change in the direction of the resistance zone at 9.330000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘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 | 10.01 |
| 2nd High | 9.36 |
| Next High | 9.330000000 |
| Current Price | 9.170000000 |
| Next Low | 8.96 |
| 2nd Low | 8.92 |
| 3rd Low | 8.46 |
9.330000000 – 9.36 – 10.01 – 8.96 – 9.13 – 9.45 —
9.330000000 – 9.300000000 —
52.498476115799 – 49.63999592132 —
9.330000000 – 1776668400 —
– 1776668400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –