AVAX/USDT – 1H – SELLThen a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support line at 13.7 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 14.38 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 13.705 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 14.38 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 14.38 |
| Current Price | 14.000000000 |
| Next Low | 13.7 |
| 2nd Low | 13.26 |
| 3rd Low | 13.16 |
14.38 – 14.05 – 13.59 – 13.7 – 13.26 – 13.16 — 50.862196137243 – 50.139788635636 — 12.019765287214 – 6.8602017706403 – 10.885091391577 – 10.875940795644
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –