AVAX/USDT – 30M – SELL

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

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

A bearish descent downwards to the next support level at 6.541 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 6.651 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

6.651 – 6.632 – 6.657 – 6.541 – 6.373 – 6.437 —
6.609000000 – 6.645000000 —
62.988660224803 – 65.936408837254 —
– —
6.651 – 1784313000

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