AVAX/USDT – 4H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A descent down to the next support level at 28.220000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 35.810000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

35.810000000 – 31.250000000 – 29.990000000 – 28.220000000 – 28.250000000 – 23.860000000 — 54.824809881664 – 53.389014862369

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