AVAX/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A bearish movement downwards to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of resistance at 26.570000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 24.48 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 26.570000000 is also possible.
Consider stop-loss settings accordingly.

26.570000000 – 26.300000000 – 26.770000000 – 24.920000000 – 25.220000000 – 24.690000000 — 48.500947319184 – 42.444003892889

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