AVAX/USDT – 30M – SELL

There is also a ‘Triple top chart pattern’ chart formation is found. The formation shows ‘Triple top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 22.190000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 24.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 22.4 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 24.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

24.120000000 – 23.670000000 – 24.510000000 – 22.400000000 – 23.100000000 – 23.880000000 — 25.421510110483 – 24.846290079732

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Triple top chart pattern –