AVAX/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support line at 6.613 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 6.814 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

6.814 – 6.727 – 6.822 – 6.613 – 6.561 – 6.427 —
6.797000000 – 6.790000000 —
61.660299205493 – 53.450072342246 —
– —
6.814 – 1782943200

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –