AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 32.310000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 37.930000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 39.370000000 |
| 2nd High | 37.940000000 |
| Next High | 37.930000000 |
| Current Price | 33.610000000 |
| Next Low | 32.310000000 |
| 2nd Low | 31.150000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing