There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support line at 9.43 is certain.
Caution: A possible change in the direction of the resistance level at 9.780000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 10.29 |
| Next High | 9.780000000 |
| Current Price | 9.590000000 |
| Next Low | 9.43 |
| 2nd Low | 9.31 |
| 3rd Low | 9.02 |
9.780000000 – 10.29 – 9.86 – 9.43 – 9.51 – 9.48 —
9.780000000 – 9.620000000 —
44.709030090764 – 35.757285945482 —
9.780000000 – 1773462600 —
– 1773462600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –