AVAX/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 25.220000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 26.770000000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Southern Doji’ candlestick chart pattern is found. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 26.770000000 |
| Current Price | 26.050000000 |
| Next Low | 25.220000000 |
| 2nd Low | 24.690000000 |
| 3rd Low | 22.190000000 |
26.770000000 – 25.400000000 – 23.220000000 – 25.220000000 – 24.690000000 – 22.190000000 — 55.005789531476 – 54.672189789537
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –