AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 33.030000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 35.170000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 34.57 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 35.170000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.630000000 |
| 2nd High | 35.420000000 |
| Next High | 35.170000000 |
| Current Price | 35.160000000 |
| Next Low | 33.030000000 |
| 2nd Low | 31.150000000 |
| 3rd Low | 30.590000000 |