The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 9.31 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 9.96 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Then a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 9.325 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 9.96 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.34 |
| 2nd High | 10.17 |
| Next High | 9.96 |
| Current Price | 9.500000000 |
| Next Low | 9.31 |
| 2nd Low | 9.02 |
| 3rd Low | 8.69 |
9.96 – 9.6 – 9.51 – 9.31 – 9.02 – 8.69 —
9.560000000 – 9.700000000 —
46.553117732425 – 61.026475859069 —
– —
9.96 – 1773158400