AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 34.280000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 36.160000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 33.93 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 36.160000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 37.490000000 |
| 2nd High | 37.270000000 |
| Next High | 36.160000000 |
| Current Price | 34.760000000 |
| Next Low | 34.280000000 |
| 2nd Low | 31.150000000 |
| 3rd Low | 30.590000000 |