AVAX/USDT – 30M – SELLFurthermore a ‘Triple top chart pattern’ chart pattern is found. The chart picture shows ‘Triple top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downward movement down to the next support level at 22.400000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 24.120000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ chart pattern is existing. 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 likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.510000000 |
| 2nd High | 24.510000000 |
| Next High | 24.120000000 |
| Current Price | 21.850000000 |
| Next Low | 22.400000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.870000000 |
24.120000000 – 23.670000000 – 24.510000000 – 22.400000000 – 23.100000000 – 23.880000000 — 30.308265137614 – 30.147962049823
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Triple top chart pattern –