AVAX/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 23.820000000 will continue.

Caution: A possible change in the direction of resistance at 24.070000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. which is a bullish 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).

24.070000000 – 23.940000000 – 23.880000000 – 23.820000000 – 23.580000000 – 23.370000000 — 50.744432236523 – 50.196528429791

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