AVAX/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support line at 24.740000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Southern Doji’ candle pattern is found. The candles form ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 26.960000000 |
| Next Low | 24.740000000 |
| 2nd Low | 22.960000000 |
| 3rd Low | 22.870000000 |
26.460000000 – 25.260000000 – 25.770000000 – 24.740000000 – 24.850000000 – 22.960000000 — 58.451089177208 – 57.91423619902
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –