AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 12.21 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 14.95 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘%K fall below 80’ indicator signal is detected. The indicator is ‘%K fall below 80’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 12.21 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 14.95 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

14.95 – 13.2 – 12.62 – 13.39 – 13.61 – 12.21 — 24.742900526822 – 23.963035132331 — 7.296891202675 – 0 – 7.296891202675 – 4.8645941351166

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –