Sell AVAX/USDT – 30M – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 30.640000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 28.892 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 30.640000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Support & Resistance Price Range*
3rd High
2nd High 31.250000000
Next High 30.640000000
Current Price 29.440000000
Next Low
2nd Low
3rd Low

30.640000000 – 31.250000000 – 28.830000000 – 28.960000000 – 29.620000000 – 29.270000000 — 50.446771383303 – 45.720724108376

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