AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 22.400000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 24.120000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candle pattern is discovered. The chart forms ‘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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 24.120000000 |
| Current Price | 21.830000000 |
| Next Low | 22.400000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 20.390000000 |
24.120000000 – 25.510000000 – 27.380000000 – 22.400000000 – 23.880000000 – 24.430000000 — 26.784351570237 – 26.559792788515
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Triple top chart pattern –