AVAX/USDT – 30M – SELL

In addition a ‘Triple top chart pattern’ chart formation is detected. The chart picture shows ‘Triple top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 22.190000000 is expected.

Caution: A possible trend reversal in the direction of resistance at 24.120000000 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 22.4 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 24.120000000 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

24.120000000 – 23.670000000 – 24.510000000 – 22.400000000 – 23.100000000 – 23.880000000 — 25.421510110483 – 24.846290079732

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Triple top chart pattern –