AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support line at 13.91 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 15.17 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a bullish 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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 15.17 |
| Current Price | 15.010000000 |
| Next Low | 13.91 |
| 2nd Low | 13.7 |
| 3rd Low | 13.26 |
15.17 – 15.01 – 14.38 – 13.91 – 13.7 – 13.26 — 54.963488146953 – 53.776893877014 — 5.834576495939 – 5.834576495939 – 17.621468977641 – 12.70045215278
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –