AVAX/USDT – 1H – BUYThe pair breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 27.880000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 26.820000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 28.345 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 27.880000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.620000000 |
| 2nd High | 28.270000000 |
| Next High | 27.880000000 |
| Current Price | 27.660000000 |
| Next Low | 26.820000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |