AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 48.100000000 will persist.
Caution: A possible change in the direction of the resistance level at 52.050000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 53.620000000 |
| Next High | 52.050000000 |
| Current Price | 50.310000000 |
| Next Low | 48.100000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing