AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A descent downwards to the next support level at 23.860000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Last Engulfing Top’ candlestick pattern is discovered. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 30.150000000 |
| Next Low | 23.860000000 |
| 2nd Low | 22.670000000 |
| 3rd Low | 22.190000000 |
29.990000000 – 25.780000000 – 25.330000000 – 23.860000000 – 22.670000000 – 23.100000000 — 79.185161847913 – 68.932638577959
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – – –