AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 47.800000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 55.790000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 49.21 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 55.790000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 55.790000000 |
| Current Price | 51.700000000 |
| Next Low | 47.800000000 |
| 2nd Low | 43.650000000 |
| 3rd Low | 42.630000000 |