There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support level at 25.220000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 26.770000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Southern Doji’ candle pattern is found. The candles form ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 26.770000000 |
| Current Price | 26.050000000 |
| Next Low | 25.220000000 |
| 2nd Low | 24.690000000 |
| 3rd Low | 22.190000000 |
26.770000000 – 25.400000000 – 23.220000000 – 25.220000000 – 24.690000000 – 22.190000000 — 55.005789531476 – 54.672189789537
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –