AVAX/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards

The bearish trend down to the next support at 22.400000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 23.020000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Three Inside Down’ candle chart pattern is discovered. The candles form ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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