AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 48.320000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 50.860000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 52.050000000 |
| Next High | 50.860000000 |
| Current Price | 48.530000000 |
| Next Low | 48.320000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 41.320000000 |