AVAX/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A descent downwards to the next support level at 6.817 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 7.035 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

7.035 – 6.88 – 6.814 – 6.817 – 6.792 – 6.613 —
7.007000000 – 7.025000000 —
65.25785883885 – 57.214009762201 —
– —
7.035 – 1783112400

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