AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 24.350000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 20.220000000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 22.21 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 24.350000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 22.440000000 |
| Next Low | 20.220000000 |
| 2nd Low | 20.140000000 |
| 3rd Low | 18.430000000 |
22.210000000 – 21.490000000 – 21.130000000 – 20.220000000 – 20.140000000 – 18.430000000