FALLING WEDGE FORMING?

22 Mar

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