AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 30.590000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 37.490000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 32 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 37.490000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 37.490000000 |
| Current Price | 34.270000000 |
| Next Low | 30.590000000 |
| 2nd Low | 30.010000000 |
| 3rd Low | 28.490000000 |