AVAX/USDT – 4H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 19.170000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Southern Doji’ candlestick pattern is detected. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 20.000000000 |
| Next High | 19.170000000 |
| Current Price | 17.690000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
19.170000000 – 18.280000000 – 20.000000000 – 17.610000000 – 17.020000000 – 15.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern