AVAX/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
A descending movement down to the next support line at 29.270000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 31.250000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 31.250000000 |
| Current Price | 29.670000000 |
| Next Low | 29.270000000 |
| 2nd Low | 28.250000000 |
| 3rd Low | 24.900000000 |
31.250000000 – 29.400000000 – 29.990000000 – 29.270000000 – 28.250000000 – 28.300000000 — 51.367224413471 – 45.263681832955
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern – –