AVAX/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A bearish trend down to the next support at 20.320000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 21.530000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 19.61 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 21.530000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

21.530000000 – 21.220000000 – 18.590000000 – 20.320000000 – 20.810000000 – 20.720000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern