AVAX/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A descending movement down to the next support level at 24.520000000 is considered certain.

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

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Last Engulfing Top’ chart pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

26.530000000 – 25.550000000 – 25.230000000 – 24.520000000 – 23.310000000 – 23.010000000

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