AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at 48.340000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 52.050000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 48.1 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 52.050000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.410000000 |
| 2nd High | 53.840000000 |
| Next High | 52.050000000 |
| Current Price | 48.980000000 |
| Next Low | 48.340000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 41.320000000 |