Then a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support at 20.990000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 22.080000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 22.080000000 |
| Current Price | 21.200000000 |
| Next Low | 20.990000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
22.080000000 – 21.080000000 – 21.530000000 – 20.990000000 – 20.180000000 – 20.320000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern