AVAX/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 9.16 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 11.05 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

11.05 – 11.05 – 11.09 – 9.16 – 10.42 – 10.63 —
9.940000000 – 10.210000000 —
34.163396123252 – 53.87706205282 —
– —
11.05000 – 1769799600

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