AVAX/USDT – 4H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support at 32.310000000 is considered certain.
Caution: A possible change in the direction of resistance at 45.270000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 39.86088 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 45.270000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 45.270000000 |
| Current Price | 43.120000000 |
| Next Low | 32.310000000 |
| 2nd Low | 30.590000000 |
| 3rd Low | 22.350000000 |