AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support level at 49.730000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 53.080000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 47.145 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 53.080000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 55.790000000 |
| Next High | 53.080000000 |
| Current Price | 50.980000000 |
| Next Low | 49.730000000 |
| 2nd Low | 43.650000000 |
| 3rd Low | 41.510000000 |