AVAX/USDT – 30M – SELL

Moreover a ‘Triple top chart pattern’ chart layout is found. The formation shows ‘Triple top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 22.190000000 is certain.

Caution: A possible change in the direction of resistance at 24.120000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 22.4 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 24.120000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going 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 –