AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 23.860000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 26.570000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 26.770000000 |
| Next High | 26.570000000 |
| Current Price | 24.960000000 |
| Next Low | 23.860000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
24.620000000 – 24.350000000 – 23.970000000 – 23.860000000 – 23.160000000 – 23.110000000 — 66.828685705011 – 65.795541308599
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –