AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support line at 50.720000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 53.840000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 49.095 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 53.840000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.410000000 |
| 2nd High | 54.030000000 |
| Next High | 53.840000000 |
| Current Price | 52.070000000 |
| Next Low | 50.720000000 |
| 2nd Low | 49.570000000 |
| 3rd Low | 42.780000000 |