AVAX/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support level at 23.860000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 25.330000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 24.18 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 25.330000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

25.330000000 – 24.620000000 – 24.350000000 – 23.860000000 – 23.160000000 – 23.110000000 — 48.975641648573 – 47.913576136909

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –