And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 25.990000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Collapsing Doji Star’ candlestick chart pattern is discovered. The candles show ‘Collapsing Doji Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.990000000 |
| Current Price | 23.500000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
25.990000000 – 24.820000000 – 27.380000000 – 23.180000000 – 22.760000000 – 21.440000000 — 46.120133168225 – 42.074392105272
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –