AVAX/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish movement down to the next support line at 20.320000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 21.530000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 19.61 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 21.530000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

21.530000000 – 21.220000000 – 18.590000000 – 20.320000000 – 20.810000000 – 20.720000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern