AVAX/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A bearish descent down to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 25.990000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 24.375 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 25.990000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

25.990000000 – 25.440000000 – 24.900000000 – 24.750000000 – 24.370000000 – 22.760000000 — 41.530491955129 – 40.64145036034

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –