AVAX / TetherUS

AVAX and its reaction to the resistance line

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Let's take a look at the following:
1-At the chart of weekly timeframe, it seems AVAX is creating a descending wedge pattern.
2-In the daily time frame, AVAX seems to be under resistance, which it has respected before.
3-In the Ranko chart, AVAX is below the moving average resistance of 40.
https://www.tradingview.com/x/wiNFgUgf/
AVAX' response to these two levels of resistance is crucial, and both are almost at the same price level
In case of a confirmed break-up of these two resistances, we can open a long position
If AVAX fails to break, a short position will be recommended

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