And also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A descent down to the next support at 8.660000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 9.8 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.27 |
| 2nd High | 10.52 |
| Next High | 9.8 |
| Current Price | 8.750000000 |
| Next Low | 8.660000000 |
| 2nd Low | 8.42 |
| 3rd Low | 8.18 |
9.8 – 9.75 – 10.52 – 8.660000000 – 8.87 – 9.33 —
9.080000000 – 8.990000000 —
27.384249768941 – 41.220215774555 —
8.660000000 – 1774598400 —
9.8 – 1774440000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern – –