AVAX/USDT – 30M – SELL

Moreover a ‘Triple top chart pattern’ chart formation is discovered. The formation shows ‘Triple top chart pattern’. which is a negative signal. The currency pair is likely to fall.

The pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 22.190000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 24.120000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 22.4 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 24.120000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

24.120000000 – 23.670000000 – 24.510000000 – 22.400000000 – 23.100000000 – 23.880000000 — 25.421510110483 – 24.846290079732

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Triple top chart pattern –