AVAX/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish movement downwards to the next support line at 20.810000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 21.530000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 21.530000000 |
| Current Price | 20.410000000 |
| Next Low | 20.810000000 |
| 2nd Low | 20.720000000 |
| 3rd Low | 17.690000000 |
21.530000000 – 21.220000000 – 18.590000000 – 20.810000000 – 20.720000000 – 17.690000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern