AVAX/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish trend down to the next support line at 6.717 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 6.88 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Southern Doji’ candle chart pattern is existing. The chart shows ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.022 |
| 2nd High | 7.018 |
| Next High | 6.88 |
| Current Price | 6.838000000 |
| Next Low | 6.717 |
| 2nd Low | 6.613 |
| 3rd Low | 6.561 |
6.88 – 6.814 – 6.758 – 6.717 – 6.613 – 6.561 —
6.869000000 – 6.863000000 —
69.812378413483 – 61.250539086335 —
– —
6.88 – 1782999000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –