davidmarcus1324

Falling wedge

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BINANCE:AVAXBTC   AVAX / Bitcoin
This goes with my AVAX bottom idea. With AVAX/BTC i see a falling wedge as well, but a nice cup and handle. If AVAX/BTC can breakout of the wedge (red line example) it may get rejected on the daily 200 EMA, and then pull back. My other idea is price just pulls back now as the daily stochastic RSI is overbought and hitting resistance on the wedge top. If AVAX/BTC does end up making a rounded bottom, it could form an Adam & Eve bottom, which would also be the cup and handle.

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