The currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 23.510000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 24.280000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 23.5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 24.280000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.460000000 |
| 2nd High | 24.330000000 |
| Next High | 24.280000000 |
| Current Price | 23.740000000 |
| Next Low | 23.510000000 |
| 2nd Low | 22.670000000 |
| 3rd Low | 22.190000000 |
24.280000000 – 24.330000000 – 24.200000000 – 23.510000000 – 22.670000000 – 22.860000000 — 51.560389377462 – 47.088006090567