The pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 6.437 will persist.
Caution: A possible change in the direction of the resistance line at 6.632 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 6.437 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 6.632 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.739 |
| 2nd High | 6.657 |
| Next High | 6.632 |
| Current Price | 6.458000000 |
| Next Low | 6.437 |
| 2nd Low | 6.422 |
| 3rd Low | 6.338 |
6.632 – 6.657 – 6.739 – 6.437 – 6.513 – 6.661 —
6.525000000 – 6.532000000 —
40.969860473065 – 46.087717518783 —
– —
6.632 – 1784239200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Symmetrical Triangle Chart Pattern – –