AVAX/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards

A descending movement downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 31.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

31.000000000 – 30.410000000 – 30.640000000 – 28.220000000 – 28.960000000 – 29.270000000 — 43.915483114943 – 41.974770395185

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –