AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support line at 34.950000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 39.370000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Last Engulfing Bottom:’ candle chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 44.570000000 |
| 2nd High | 44.190000000 |
| Next High | 39.370000000 |
| Current Price | 36.890000000 |
| Next Low | 34.950000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Bottom: