AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 40.680000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 42.640000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 40.36868 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 42.640000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 47.930000000 |
| Next High | 42.640000000 |
| Current Price | 42.350000000 |
| Next Low | 40.680000000 |
| 2nd Low | 38.500000000 |
| 3rd Low | 38.310000000 |