AVAX/USDT – 4H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.

A descent down to the next support line at 28.250000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 31.250000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 26.96 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 31.250000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

31.250000000 – 29.990000000 – 25.780000000 – 28.250000000 – 23.860000000 – 22.670000000 — 52.058507488441 – 47.619363633454

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