AVAX/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A bearish descent down to the next support at 6.52 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 6.776 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

6.776 – 6.7 – 6.707 – 6.52 – 6.476 – 6.301 —
6.724000000 – 6.658000000 —
48.413928655221 – 43.566751548586 —
– —
6.776 – 1781384400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –