AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 42.630000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 44.770000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 43.80476 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 44.770000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 47.930000000 |
| Next High | 44.770000000 |
| Current Price | 43.960000000 |
| Next Low | 42.630000000 |
| 2nd Low | 41.510000000 |
| 3rd Low | 40.680000000 |