AVAX/USDT – 4H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation 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 bullish trendline down.
A bearish descent downwards to the next support level at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 19.170000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘Southern Doji’ candle chart pattern is found. The candles form ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going 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