AVAX/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support line at 8.42 will continue.

Caution: A possible counter-trend in the direction of resistance at 9.84 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Matching Low’ candlestick pattern is existing. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. 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).

9.84 – 9.45 – 9.42 – 8.42 – 8.18 – 8.66 —
9.240000000 – 9.480000000 —
53.502832302062 – 55.360778854782 —
– —
9.84 – 1772049600

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