AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline up.
A bullish trend upwards to the next resistance at 38.540000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 36.170000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 39.91768 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 38.540000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 38.540000000 |
| Current Price | 37.670000000 |
| Next Low | 36.170000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |