AVAX/USDT – 30M – SELL

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

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

A bearish movement down to the next support level at 21.770000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 22.400000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 21.44 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 22.400000000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

22.400000000 – 22.310000000 – 22.850000000 – 21.770000000 – 21.570000000 – 21.440000000 — 42.975398543501 – 42.490260115764

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –