AVAX/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

The bearish trend down to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 15.27 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 14.265 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 15.27 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

15.27 – 15.17 – 15.01 – 14.78 – 13.91 – 13.7 — 40.043850428648 – 32.875247094468 — 36.53853403387 – 22.569127924643 – 35.92759699294 – 33.780473161166

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