AVAX/USDT – 1H – BUYThe currency pair jumps from the ascending trendline down.
A bearish movement down to the next support level at 28.300000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 29.870000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 28.73484 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 29.870000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 30.850000000 |
| Next High | 29.870000000 |
| Current Price | 28.360000000 |
| Next Low | 28.300000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |