AVAX/USDT – 30M – SELL

Besides a ‘Triple top chart pattern’ chart formation is found. The chart picture shows ‘Triple top chart pattern’. this is a bearish signal. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 22.190000000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 24.120000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 22.4 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 24.120000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Matching Low’ chart pattern is discovered. The chart shows ‘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 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 –