AVAX/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards

A descent down to the next support level at 24.520000000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 26.530000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Last Engulfing Top’ candle chart pattern is found. The chart shows ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

26.530000000 – 25.550000000 – 25.230000000 – 24.520000000 – 23.310000000 – 23.010000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern