AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 40.680000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 43.680000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 40.36868 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 43.680000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 47.930000000 |
| Next High | 43.680000000 |
| Current Price | 42.530000000 |
| Next Low | 40.680000000 |
| 2nd Low | 38.500000000 |
| 3rd Low | 38.310000000 |