AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 48.320000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 50.860000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which 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 probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.620000000 |
| 2nd High | 52.050000000 |
| Next High | 50.860000000 |
| Current Price | 50.340000000 |
| Next Low | 48.320000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 42.780000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing