AVAX/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 23.860000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 25.330000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 25.330000000 |
| Current Price | 24.620000000 |
| Next Low | 23.860000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
25.330000000 – 24.620000000 – 24.350000000 – 23.860000000 – 23.160000000 – 23.110000000 — 54.194353808092 – 45.920481234759
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –