AVAX/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support line at 23.360000000 will persist.
Caution: A possible change in the direction of the resistance zone at 25.680000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 23.730000000 |
| Next Low | 23.360000000 |
| 2nd Low | 23.180000000 |
| 3rd Low | 22.760000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.360000000 – 23.570000000 – 23.460000000 — 46.14215381371 – 44.364087116472
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –