AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 49.570000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 54.030000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 47.905 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 54.030000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 54.030000000 |
| Current Price | 51.460000000 |
| Next Low | 49.570000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |