AVAX/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 17.810000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 18.900000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 20.000000000 |
| Next High | 18.900000000 |
| Current Price | 18.040000000 |
| Next Low | 17.810000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.900000000 – 18.170000000 – 17.640000000 – 17.810000000 – 17.020000000 – 17.090000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern