AVAX/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A descent downwards to the next support line at 21.770000000 will persist.

Caution: A possible change in the direction of the resistance level at 22.400000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 21.44 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 22.400000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

22.400000000 – 22.310000000 – 22.850000000 – 21.770000000 – 21.570000000 – 21.440000000 — 42.975398543501 – 42.490260115764

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –