AVAX/USDT – 1H – SELL

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

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

A descent downwards to the next support at 24.520000000 is expected.

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

There is also a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

26.530000000 – 25.230000000 – 25.030000000 – 24.520000000 – 23.310000000 – 23.010000000

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