AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 42.030000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 44.190000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 42.05534 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 44.190000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Matching Low’ candlestick pattern is discovered. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 45.050000000 |
| 2nd High | 44.570000000 |
| Next High | 44.190000000 |
| Current Price | 43.030000000 |
| Next Low | 42.030000000 |
| 2nd Low | 41.240000000 |
| 3rd Low | 40.890000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low