AVAX/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support at 21.770000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 22.400000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.120000000 |
| 2nd High | 22.850000000 |
| Next High | 22.400000000 |
| Current Price | 22.040000000 |
| Next Low | 21.770000000 |
| 2nd Low | 21.570000000 |
| 3rd Low | 21.440000000 |
22.400000000 – 22.310000000 – 22.850000000 – 21.770000000 – 21.570000000 – 21.440000000 — 48.445389693253 – 44.063085148776
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –