AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 35.530000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 37.060000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 36.14596 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 37.060000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 38.140000000 |
| 2nd High | 37.730000000 |
| Next High | 37.060000000 |
| Current Price | 36.160000000 |
| Next Low | 35.530000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 35.180000000 |