AVAX/USDT – 4H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A descent downwards to the next support level at 28.220000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 34.390000000 |
| Next Low | 28.220000000 |
| 2nd Low | 23.860000000 |
| 3rd Low | 22.670000000 |
31.250000000 – 29.990000000 – 25.780000000 – 28.220000000 – 28.250000000 – 23.860000000 — 71.287483152671 – 70.758314717253
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –