AVAX/USDT – 1H – SELL

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

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

A bearish trend downwards to the next support line at 6.613 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 6.88 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 6.77407 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 6.88 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

6.88 – 6.814 – 6.727 – 6.613 – 6.561 – 6.427 —
6.812000000 – 6.861000000 —
56.596076252384 – 58.380903809915 —
– —
6.88 – 1782997200

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