AVAX/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support level at 23.360000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 25.680000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. this 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 23.730000000 |
| Next Low | 23.360000000 |
| 2nd Low | 23.180000000 |
| 3rd Low | 22.760000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.360000000 – 23.570000000 – 23.460000000 — 46.14215381371 – 44.364087116472
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –