AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 50.350000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 52.130000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 53.080000000 |
| Next High | 52.130000000 |
| Current Price | 52.040000000 |
| Next Low | 50.350000000 |
| 2nd Low | 49.730000000 |
| 3rd Low | 47.800000000 |