Sell AVAX/USDT – 4H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards

The bearish trend down to the next support line at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 25.990000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Collapsing Doji Star’ candlestick chart pattern is discovered. The candles show ‘Collapsing Doji Star’. 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 probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

Support & Resistance Price Range*
3rd High
2nd High 27.380000000
Next High 25.990000000
Current Price 23.500000000
Next Low
2nd Low
3rd Low

25.990000000 – 24.820000000 – 27.380000000 – 23.180000000 – 22.760000000 – 21.440000000 — 46.120133168225 – 42.074392105272

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