AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 13.78 is expected.
Caution: A possible change in the direction of resistance at 14.05 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 13.605 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 14.05 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 14.05 |
| Current Price | 13.810000000 |
| Next Low | 13.78 |
| 2nd Low | 13.26 |
| 3rd Low | 13.16 |
14.05 – 13.59 – 13.44 – 13.78 – 13.26 – 13.27 — 43.300266027233 – 42.429620929383 — 43.201754385965 – 28.088839119074 – 55.74326862667 – 45.465602834911
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –