AVAX/USDT – 30M – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 9.5 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 9.33 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 9.5 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a positive chart scenario. 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).

9.5 – 9.48 – 9.44 – 9.37 – 9.28 – 9.16 —
9.490000000 – 9.430000000 —
57.088845228021 – 47.024412906695 —
– —
9.5 – 1777096800

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