AVAX/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A descent downwards to the next support line at 23.860000000 will continue.

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

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

Then a ‘Matching Low’ candle pattern is found. The chart forms ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading 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 – –