AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 24.710000000 is likely expected.

Caution: A possible change in the direction of the resistance level at 26.100000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a positive 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’ heading up is 61% (Bull & Bear Market).

26.100000000 – 26.090000000 – 26.530000000 – 24.710000000 – 24.520000000 – 23.310000000

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