AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.

A descending movement down to the next support at 22.960000000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 25.510000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

25.510000000 – 27.380000000 – 26.460000000 – 24.430000000 – 24.740000000 – 24.850000000 — 32.881722094865 – 32.697098068257

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –