Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish movement down to the next support at 22.530000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 27.380000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 23.570000000 |
| Next Low | 22.530000000 |
| 2nd Low | 20.390000000 |
| 3rd Low | 17.500000000 |
27.380000000 – 26.530000000 – 21.530000000 – 22.530000000 – 20.390000000 – 17.500000000 — 41.119209360085 – 37.716403187192
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –