AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 35.560000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 37.940000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative signal. The 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 | 44.190000000 |
| 2nd High | 39.370000000 |
| Next High | 37.940000000 |
| Current Price | 36.320000000 |
| Next Low | 35.560000000 |
| 2nd Low | 34.950000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing