AVAX/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.

A descent down to the next support at 24.520000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 26.530000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

26.530000000 – 25.550000000 – 25.230000000 – 24.520000000 – 23.310000000 – 23.010000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern