AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 42.630000000 is expected.
Caution: A possible change in the direction of the resistance level at 44.250000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 43.57556 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 44.250000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 47.930000000 |
| 2nd High | 44.470000000 |
| Next High | 44.250000000 |
| Current Price | 44.150000000 |
| Next Low | 42.630000000 |
| 2nd Low | 41.510000000 |
| 3rd Low | 40.680000000 |