AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A descent down to the next support line at 50.350000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 54.390000000 could occur.
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. Current target is 49.50986 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 54.390000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 55.790000000 |
| Next High | 54.390000000 |
| Current Price | 51.460000000 |
| Next Low | 50.350000000 |
| 2nd Low | 49.730000000 |
| 3rd Low | 47.800000000 |