AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 35.950000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 37.930000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.840000000 |
| 2nd High | 45.050000000 |
| Next High | 37.930000000 |
| Current Price | 36.330000000 |
| Next Low | 35.950000000 |
| 2nd Low | 35.500000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low