🔥 AVAX Bearish Wedge: Potential Strong Bearish Move

AVAX is currently seeing a strong rebound from the lower trend line of the pennant. With the markets currently in turmoil, there's a decent chance for AVAX (and crypto in general) to see a stronger bearish move in the near future.

Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling shortly. This will depend on the overall market.

Main bearish targets are $47.5 and $40. Ideally, wait for the pennant to break on the lower side.

Happy trading!

Kommentera:

Typo: Pennant should be Wedge