AVAX/USDT – 1H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 23.570000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 25.680000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Last Engulfing Top’ chart pattern is detected. The candles form ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 23.680000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.570000000 – 23.460000000 – 23.180000000 — 38.848547119636 – 37.445569528311
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –