AVAX/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend downwards to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 25.990000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 24.375 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 25.990000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

25.990000000 – 25.440000000 – 24.900000000 – 24.750000000 – 24.370000000 – 22.760000000 — 41.530491955129 – 40.64145036034

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –