AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 35.180000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 36.200000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 37.490000000 |
| 2nd High | 37.270000000 |
| Next High | 36.200000000 |
| Current Price | 36.150000000 |
| Next Low | 35.180000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 31.150000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing