AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 42.630000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 45.070000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | |
| 2nd High | 47.930000000 |
| Next High | 45.070000000 |
| Current Price | 44.230000000 |
| Next Low | 42.630000000 |
| 2nd Low | 41.510000000 |
| 3rd Low | 40.680000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing