AVAX/USDT – 4H – BUYThe pair breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 29.320000000 is certain.
Caution: A possible counter-trend in the direction of the support zone at 26.820000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 28.46108 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 29.320000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 29.870000000 |
| Next High | 29.320000000 |
| Current Price | 27.000000000 |
| Next Low | 26.820000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |