AVAX/USDT – 4H – BUYThe pair jumps from the bullish trendline down.
A descent down to the next support level at 24.010000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 29.320000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 26.885 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 29.320000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 29.870000000 |
| Next High | 29.320000000 |
| Current Price | 25.830000000 |
| Next Low | 24.010000000 |
| 2nd Low | 23.900000000 |
| 3rd Low | 22.790000000 |