AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 30.590000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 37.490000000 is also possible.
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 will persist. Current target is 34.89872 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 37.490000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 37.490000000 |
| Current Price | 32.450000000 |
| Next Low | 30.590000000 |
| 2nd Low | 30.010000000 |
| 3rd Low | 28.490000000 |