$AVAX Right angled & descending broadening formation

Looks like we might be getting a partial decline here which is typical after testing the top of the formation the first time. Need to see a clean break above that level to open things open to the top of the range at 29$.

TOTAL2 is developing a strcture just like like this, and across the market, most of these structures at least reach a . 618 retracement

Judging by the volume profile , it may have a little more room to run above that.

Ill be looking for a reaction at around 48-54 if we do make a move out of the range.