AVAX/USDT – 4H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 38.310000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 45.270000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 45.27 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 45.270000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 45.270000000 |
| Current Price | 41.830000000 |
| Next Low | 38.310000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |