AVAX/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support line at 6.817 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 7.115 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

7.115 – 7.035 – 6.924 – 6.817 – 6.792 – 6.717 —
7.061000000 – 7.000000000 —
64.201970104554 – 55.015985274377 —
– —
7.115 – 1783186200

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