AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.

The bearish trend down to the next support level at 34.940000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 39.050000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. 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%.

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing