Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support line at 24.750000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 25.990000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.990000000 |
| Current Price | 25.060000000 |
| Next Low | 24.750000000 |
| 2nd Low | 24.370000000 |
| 3rd Low | 22.760000000 |
25.990000000 – 25.440000000 – 24.900000000 – 24.750000000 – 24.370000000 – 22.760000000 — 46.752045073577 – 41.745397172027
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –