AVAX/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support at 23.570000000 is considered certain.
Caution: A possible change in the direction of resistance at 25.680000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Matching Low’ candle pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 23.530000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.570000000 – 23.460000000 – 23.180000000 — 33.322115191481 – 32.868496540777
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –