And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The 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 at 23.860000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 25.330000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 25.330000000 |
| Current Price | 24.620000000 |
| Next Low | 23.860000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
25.330000000 – 24.620000000 – 24.350000000 – 23.860000000 – 23.160000000 – 23.110000000 — 54.194353808092 – 45.920481234759
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –