AVAX/USDT – 4H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 28.250000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 31.250000000 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish 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 will persist. Target of the current trend is 26.96 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 31.250000000 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

31.250000000 – 29.990000000 – 25.780000000 – 28.250000000 – 23.860000000 – 22.670000000 — 52.058507488441 – 47.619363633454

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