AVAX/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
A descent down to the next support line at 9.05 is certain.
Caution: A possible trend reversal in the direction of resistance at 9.42 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 8.925 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 9.42 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.34 |
| 2nd High | 9.48 |
| Next High | 9.42 |
| Current Price | 9.160000000 |
| Next Low | 9.05 |
| 2nd Low | 8.62 |
| 3rd Low | 8.43 |
9.42 – 9.26 – 8.97 – 9.05 – 8.62 – 8.43 —
9.130000000 – 9.260000000 —
41.715364142275 – 54.789840251966 —
– —
9.42 – 1771246800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern – –