AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support line at 38.310000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 43.140000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 45.270000000 |
| Next High | 43.140000000 |
| Current Price | 45.750000000 |
| Next Low | 38.310000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing