Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A descending movement down to the next support line at 24.710000000 is likely expected.
Caution: A possible change in the direction of resistance at 26.100000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 26.530000000 |
| Next High | 26.100000000 |
| Current Price | 24.500000000 |
| Next Low | 24.710000000 |
| 2nd Low | 24.520000000 |
| 3rd Low | 23.310000000 |
26.100000000 – 26.090000000 – 26.530000000 – 24.710000000 – 24.770000000 – 24.830000000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern –