AVAX/USDT – 30M – SELL

There is also a ‘Triple top chart pattern’ chart layout is discovered. The chart picture forms ‘Triple top chart pattern’. this is a bearish signal. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 22.190000000 is expected.

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

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. 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 expected. Target of the current trend is 22.4 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 24.120000000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a positive chart scenario. The currency 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 –