There is also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish descent downwards to the next support at 25.070000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 26.530000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 26.840000000 |
| Next High | 26.530000000 |
| Current Price | 25.290000000 |
| Next Low | 25.070000000 |
| 2nd Low | 24.520000000 |
| 3rd Low | 23.310000000 |
26.530000000 – 25.550000000 – 25.230000000 – 25.070000000 – 24.520000000 – 23.310000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern