AVAX/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support at 23.570000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 25.680000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Last Engulfing Top’ candle chart pattern is found. The chart forms ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 23.680000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.570000000 – 23.460000000 – 23.180000000 — 38.848547119636 – 37.445569528311
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –