AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 10.26 is expected.
Caution: A possible change in the direction of the support line at 9.16 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 10.715 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 10.26 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.27 |
| Next High | 10.26 |
| Current Price | 10.020000000 |
| Next Low | 9.16 |
| 2nd Low | 8.52 |
| 3rd Low |
10.26 – 12.27 – 12.2 – 9.16 – 10.63 – 10.7 —
10.040000000 – 10.060000000 —
31.587027709273 – 45.038829209646 —
– —
10.26000 – 1769929200