AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A bearish movement downwards to the next support line at 9.43 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 10.29 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

10.29 – 9.86 – 9.74 – 9.43 – 9.51 – 9.48 —
9.710000000 – 9.680000000 —
40.50009056303 – 39.922368487549 —
– —
10.29 – 1773408600

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