AVAX/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 24.020000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 24.820000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Last Engulfing Top’ candle chart pattern is found. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

24.820000000 – 23.700000000 – 22.400000000 – 24.020000000 – 21.950000000 – 21.440000000 — 54.936968810952 – 45.916324462127

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –