The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance level at 10.32 will persist.
Caution: A possible change in the direction of the support zone at 9.95 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. 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 line at 10.32 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 | 10.32 |
| Current Price | 10.210000000 |
| Next Low | 9.95 |
| 2nd Low | 9.53 |
| 3rd Low | 9.16 |
10.32 – 10.13 – 10.26 – 9.95 – 9.53 – 9.16 —
10.120000000 – 9.800000000 —
49.131843692691 – 30.312740872609 —
– —
10.32 – 1770044400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Inverse Head and Shoulder chart pattern – –