AVAX/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards

A bearish descent down to the next support level at 22.400000000 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 23.020000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Three Inside Down’ candlestick chart pattern is existing. The candles show ‘Three Inside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

23.020000000 – 22.580000000 – 21.510000000 – 22.400000000 – 21.870000000 – 21.610000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern