AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support at 33.030000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 35.750000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 32.2184 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 35.750000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 37.270000000 |
| 2nd High | 36.160000000 |
| Next High | 35.750000000 |
| Current Price | 33.590000000 |
| Next Low | 33.030000000 |
| 2nd Low | 30.590000000 |
| 3rd Low | 30.010000000 |