Avax broke down from a significant longterm rising wedge with target at $9.47 . Price action is currently bound in a descending channel. Price has reached range support and the likelihood of retesting previous range support now resistance is high as the RSI might break out of its descending trendline.
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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.