AVAX/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 9.21 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 9.68 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

9.68 – 9.53 – 9.44 – 9.21 – 9.49 – 9.17 —
9.330000000 – 9.260000000 —
44.462012689836 – 35.267717050864 —
– —
9.68 – 1776835800

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