Also there is a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support level at 9.05 is considered certain.
Caution: A possible change in the direction of the resistance level at 9.42 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.68 |
| 2nd High | 9.48 |
| Next High | 9.42 |
| Current Price | 9.260000000 |
| Next Low | 9.05 |
| 2nd Low | 8.74 |
| 3rd Low | 8.62 |
9.42 – 9.34 – 9.26 – 9.05 – 9.18 – 9.12 —
9.160000000 – 9.310000000 —
41.577340502808 – 59.489004152052 —
– —
9.42 – 1771246800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern – –