AVAX/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.

A bearish movement downwards to the next support level at 23.360000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 25.680000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 23.18 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 25.680000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

25.680000000 – 25.660000000 – 25.990000000 – 23.360000000 – 23.570000000 – 23.460000000 — 42.433512384204 – 40.428980950267

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –