The combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 22.720000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 23.420000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.140000000 |
| 2nd High | 23.570000000 |
| Next High | 23.420000000 |
| Current Price | 23.010000000 |
| Next Low | 22.720000000 |
| 2nd Low | 22.360000000 |
| 3rd Low | 22.230000000 |
23.420000000 – 23.570000000 – 23.040000000 – 22.720000000 – 23.160000000 – 22.360000000 — 54.61716123732 – 50.829960583138