AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A bearish trend down to the next support level at 23.460000000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 25.660000000 could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

And also a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

25.660000000 – 25.990000000 – 25.440000000 – 23.460000000 – 23.180000000 – 22.760000000 — 42.454474841789 – 42.108673477092

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