AVAX/USDT – 30M – SELL

Furthermore a ‘Triple top chart pattern’ chart formation is existing. The chart picture forms ‘Triple top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the bearish trend down to the next support level at 22.190000000 is considered certain.

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

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 22.4 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 24.120000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candle pattern is existing. The chart shows ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 –