AVAX/USDT – 30M – SELL

Furthermore a ‘Triple top chart pattern’ chart formation is discovered. The chart picture forms ‘Triple top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 22.190000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 24.120000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to 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 counter-trend in the direction of the support level at 24.120000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 –