There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support level at 24.020000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 24.820000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 – –