AVAX/USDT – 30M – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 24.390000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 25.080000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Shooting Star’ candlestick pattern is existing. The candles show ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 25.330000000 |
| Next High | 25.080000000 |
| Current Price | 24.410000000 |
| Next Low | 24.390000000 |
| 2nd Low | 24.240000000 |
| 3rd Low | 23.860000000 |
25.080000000 – 24.970000000 – 25.330000000 – 24.390000000 – 24.240000000 – 23.860000000 — 44.570571731737 – 44.570571731737
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –