AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 9.06 will persist.
Caution: A possible change in the direction of the resistance zone at 9.25 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candle pattern is detected. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.45 |
| 2nd High | 9.27 |
| Next High | 9.25 |
| Current Price | 9.090000000 |
| Next Low | 9.06 |
| 2nd Low | 8.92 |
| 3rd Low | 8.46 |
9.25 – 9.27 – 9.21 – 9.06 – 9.06 – 8.92 —
9.080000000 – 9.110000000 —
41.692015431099 – 49.903830737632 —
– —
9.25 – 1777755600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – – –