AVAX/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.

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

Caution: A possible change in the direction of the resistance line at 9.43 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 8.72388 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 9.43 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

9.43 – 8.98 – 9.48 – 8.42 – 8.78 – 9.31 —
9.130000000 – 9.170000000 —
42.532147298803 – 51.376942381566 —
– —
9.43 – 1772330400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –