AVAX/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 13.48 will persist.
Caution: A possible change in the direction of the resistance level at 14.22 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Collapsing Doji Star’ candle pattern is found. The candles form ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.86 |
| 2nd High | 14.83 |
| Next High | 14.22 |
| Current Price | 13.730000000 |
| Next Low | 13.48 |
| 2nd Low | 12.23 |
| 3rd Low | 12.21 |
14.22 – 13.99 – 13.94 – 13.48 – 13.68 – 13.64 — 55.277278958267 – 48.126275050062 — 55.672474422267 – 64.43659680382 – 33.023411023653 – 50.383207092506
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –