AVAX/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish movement down to the next support level at 13.7 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 14.38 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 14.38 |
| Current Price | 14.000000000 |
| Next Low | 13.7 |
| 2nd Low | 13.26 |
| 3rd Low | 13.16 |
14.38 – 14.05 – 13.59 – 13.7 – 13.78 – 13.26 — 45.096162998384 – 44.231390007442 — 22.15578715875 – 6.110856106935 – 27.03999782038 – 18.917421446523
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –