AVAX/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A descent down to the next support line at 17.610000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 19.170000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 20.000000000 |
| Next High | 19.170000000 |
| Current Price | 17.970000000 |
| Next Low | 17.610000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
19.170000000 – 18.900000000 – 18.170000000 – 18.340000000 – 17.610000000 – 17.710000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern