AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 25.750000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 27.380000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a bullish pattern signal. 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’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 26.720000000 |
| Next Low | 25.750000000 |
| 2nd Low | 25.610000000 |
| 3rd Low | 24.900000000 |
26.360000000 – 25.800000000 – 24.690000000 – 25.750000000 – 25.610000000 – 24.900000000 — 62.794156053707 – 62.068782515927
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –