AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 29.170000000 is likely expected.
Caution: A possible change in the direction of resistance at 31.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 31.250000000 |
| Next High | 31.000000000 |
| Current Price | 30.010000000 |
| Next Low | 29.170000000 |
| 2nd Low | 28.290000000 |
| 3rd Low | 28.220000000 |
31.000000000 – 30.450000000 – 29.020000000 – 29.170000000 – 28.290000000 – 28.220000000 — 47.549380937545 – 46.964778089789
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –