AVAX/USDT – 30M – SELL

In addition a ‘Triple top chart pattern’ chart pattern is existing. The chart shows ‘Triple top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 22.190000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 24.120000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish 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 will persist. 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 level at 24.120000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘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’ heading 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 –