AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 23.200000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 24.460000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a positive 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.330000000 |
| 2nd High | 25.200000000 |
| Next High | 24.460000000 |
| Current Price | 23.550000000 |
| Next Low | 23.200000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
24.460000000 – 25.200000000 – 25.080000000 – 23.200000000 – 24.130000000 – 24.390000000 — 45.96337454458 – 45.96337454458
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –