AVAX/USDT – 1H – BUYThe currency pair breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 27.880000000 is likely expected.
Caution: A possible change in the direction of the support level at 27.250000000 is within the realm of possibility.
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 likely expected. Current target is 27.86832 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 27.880000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.620000000 |
| 2nd High | 28.270000000 |
| Next High | 27.880000000 |
| Current Price | 27.700000000 |
| Next Low | 27.250000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |