FALLING WEDGE FORMING?
A falling wedge pattern is a bullish chart pattern that usually forms during a downtrend, indicating a potential reversal. If AVAX (Avalanche) is forming a falling wedge pattern, traders may look for opportunities to enter bullish positions. Here's a trade idea based on this scenario:
AVAX Falling Wedge Bullish Trade Idea:
Pattern Observation:
AVAX has been in a downtrend, characterized by lower highs and lower lows.
A falling wedge pattern is forming, marked by converging trendlines sloping downward.
The falling wedge pattern typically indicates a weakening downtrend and potential bullish reversal.
Personally i may consider entering at 0.618 (53.765)
or
Just wait for pattern to breakout
AVAX Falling Wedge Bullish Trade Idea:
Pattern Observation:
AVAX has been in a downtrend, characterized by lower highs and lower lows.
A falling wedge pattern is forming, marked by converging trendlines sloping downward.
The falling wedge pattern typically indicates a weakening downtrend and potential bullish reversal.
Personally i may consider entering at 0.618 (53.765)
or
Just wait for pattern to breakout
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.