AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline up.
An ascending movement upwards to the next resistance line at 38.540000000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 36.170000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 39.91768 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 38.540000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 38.540000000 |
| Current Price | 37.670000000 |
| Next Low | 36.170000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |