AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.
A bearish trend down to the next support line at 34.870000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 38.140000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The candles show ‘Last Engulfing Bottom:’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 41.900000000 |
| 2nd High | 39.050000000 |
| Next High | 38.140000000 |
| Current Price | 35.220000000 |
| Next Low | 34.870000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: