AVAX/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 9.16 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 9.48 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Matching Low’ candle pattern is detected. 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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

9.48 – 9.45 – 9.68 – 9.16 – 9.21 – 9.17 —
9.460000000 – 9.490000000 —
56.242243200863 – 59.76842219083 —
– —
9.48 – 1777046400

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