AVAX/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards

A descending movement down to the next support at 14.25 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 14.75 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

14.75 – 14.53 – 13.86 – 14.25 – 13.91 – 14.08 — 47.4936062902 – 44.823257839198 — 20.053955407443 – 14.244227564866 – 19.774656827739 – 19.021925996456

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –