AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 23.030000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 23.670000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. which 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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 24.560000000 |
| Next High | 23.670000000 |
| Current Price | 23.250000000 |
| Next Low | 23.030000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
23.670000000 – 24.560000000 – 26.570000000 – 23.030000000 – 23.980000000 – 24.920000000 — 37.783887038554 – 37.183141396166
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –