AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A descent downwards to the next support line at 35.520000000 is likely expected.
Caution: A possible change in the direction of resistance at 41.900000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 35.52 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 41.900000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 41.900000000 |
| Current Price | 38.710000000 |
| Next Low | 35.520000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |