AVAX/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A descent down to the next support level at 13.91 is expected.
Caution: A possible change in the direction of the resistance level at 14.53 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.86 |
| 2nd High | 14.83 |
| Next High | 14.53 |
| Current Price | 14.420000000 |
| Next Low | 13.91 |
| 2nd Low | 13.09 |
| 3rd Low | 12.23 |
14.53 – 13.86 – 13.69 – 13.91 – 14.08 – 14 — 52.690831116215 – 51.664462878123 — 26.615404088349 – 26.170811973926 – 21.282935679176 – 25.431934687678
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –