AVAX/USDT – 1H – BUYThe currency pair breaks through the descending trendline up.
An ascent up to the next resistance line at 25.660000000 will persist.
Caution: A possible counter-trend in the direction of the support level at 23.220000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 24.44 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 25.660000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.680000000 |
| 2nd High | 26.810000000 |
| Next High | 25.660000000 |
| Current Price | 24.680000000 |
| Next Low | 23.220000000 |
| 2nd Low | 22.870000000 |
| 3rd Low | 22.370000000 |