AVAX/USDT – 4H – BUYThe pair jumps from the bullish trendline down.
A bearish movement down to the next support line at 26.450000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 30.850000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 30.85 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 30.850000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 30.850000000 |
| Current Price | 28.640000000 |
| Next Low | 26.450000000 |
| 2nd Low | 22.790000000 |
| 3rd Low | 20.480000000 |