AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at 21.610000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 22.580000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 21.485 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 22.580000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 22.580000000 |
| Current Price | 21.950000000 |
| Next Low | 21.610000000 |
| 2nd Low | 20.690000000 |
| 3rd Low | 20.390000000 |
22.580000000 – 21.510000000 – 22.000000000 – 21.610000000 – 20.690000000 – 20.390000000