AVAX/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 24.130000000 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 25.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 24.595 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 25.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

25.080000000 – 24.970000000 – 25.330000000 – 24.130000000 – 24.390000000 – 24.240000000 — 49.568619189169 – 47.294686400134

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