Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 24.020000000 is certain.
Caution: A possible change in the direction of the resistance level at 24.820000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 24.820000000 |
| Current Price | 24.130000000 |
| Next Low | 24.020000000 |
| 2nd Low | 23.040000000 |
| 3rd Low | 22.190000000 |
24.820000000 – 24.800000000 – 23.610000000 – 24.020000000 – 23.040000000 – 22.190000000 — 46.99686282475 – 42.156360852185
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –