AVAX/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 6.692 will continue.

Caution: A possible change in the direction of the resistance level at 6.834 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Matching Low’ candle pattern is discovered. 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).

6.834 – 6.79 – 6.813 – 6.692 – 6.649 – 6.668 —
6.739000000 – 6.789000000 —
48.505269902571 – 65.534456184414 —
– —
6.834 – 1783661400

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