AVAX/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A bearish movement downwards to the next support line at 28.220000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 31.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

31.000000000 – 30.410000000 – 30.640000000 – 28.220000000 – 28.960000000 – 29.270000000 — 48.485397390888 – 46.578151787004

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –