AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline up.
An ascent up to the next resistance at 36.160000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 34.060000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 35.72472 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 36.160000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 37.490000000 |
| 2nd High | 37.270000000 |
| Next High | 36.160000000 |
| Current Price | 34.410000000 |
| Next Low | 34.060000000 |
| 2nd Low | 30.590000000 |
| 3rd Low | 30.010000000 |