AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 34.280000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 36.160000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. 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 | 37.490000000 |
| 2nd High | 37.270000000 |
| Next High | 36.160000000 |
| Current Price | 35.370000000 |
| Next Low | 34.280000000 |
| 2nd Low | 30.590000000 |
| 3rd Low | 30.010000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing