AVAX/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A bearish descent downwards to the next support line at 23.360000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 25.680000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 23.18 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 25.680000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

25.680000000 – 25.660000000 – 25.990000000 – 23.360000000 – 23.570000000 – 23.460000000 — 42.433512384204 – 40.428980950267

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