AVAX/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 13.23 will continue.
Caution: A possible change in the direction of the resistance zone at 13.44 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.44 |
| Current Price | 13.290000000 |
| Next Low | 13.23 |
| 2nd Low | 13.03 |
| 3rd Low | 12.57 |
13.44 – 13.39 – 13.34 – 13.23 – 13.03 – 13.18 — 52.206560915113 – 47.102450574902 — 64.077291114807 – 49.499989732849 – 66.960505545942 – 59.77672368358
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –