AVAX/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descent down to the next support level at 24.520000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 26.530000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

26.530000000 – 25.230000000 – 25.030000000 – 24.520000000 – 23.310000000 – 23.010000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern