AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support at 28.960000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 30.640000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

30.640000000 – 31.250000000 – 29.400000000 – 28.960000000 – 29.270000000 – 28.250000000 — 59.497653553787 – 45.878364915947

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