AVAX/USDT – 30M – SELL

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

A descending movement down to the next support at 22.760000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 25.510000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

24.600000000 – 24.050000000 – 24.550000000 – 22.760000000 – 23.540000000 – 23.260000000 — 59.498001900817 – 59.162331984094

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –