AVAX/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A descent downwards to the next support line at 24.390000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 25.080000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Shooting Star’ chart pattern is detected. The candles show ‘Shooting Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 25.330000000 |
| Next High | 25.080000000 |
| Current Price | 24.410000000 |
| Next Low | 24.390000000 |
| 2nd Low | 24.240000000 |
| 3rd Low | 23.860000000 |
25.080000000 – 24.970000000 – 25.330000000 – 24.390000000 – 24.240000000 – 23.860000000 — 44.570571731737 – 44.570571731737
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –