AVAX/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 17.610000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 19.170000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 20.000000000 |
| Next High | 19.170000000 |
| Current Price | 17.970000000 |
| Next Low | 17.610000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
19.170000000 – 18.900000000 – 18.170000000 – 18.340000000 – 17.610000000 – 17.710000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern