Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A descent down to the next support line at 9.43 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 10.29 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11.05 |
| 2nd High | 10.34 |
| Next High | 10.29 |
| Current Price | 9.710000000 |
| Next Low | 9.43 |
| 2nd Low | 9.31 |
| 3rd Low | 9.02 |
10.29 – 9.86 – 9.74 – 9.43 – 9.51 – 9.48 —
9.790000000 – 9.730000000 —
45.783269451314 – 42.871351936216 —
– —
10.29 – 1773408600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern – –