AVAX/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A descending movement down to the next support at 25.070000000 is certain.

Caution: A possible change in the direction of resistance at 26.530000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 24.77 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 26.530000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black 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 success rate of a ‘Three Black Crows’ going down is 82%.

26.530000000 – 25.550000000 – 25.230000000 – 25.070000000 – 24.520000000 – 23.310000000

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