AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 50.350000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 54.390000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 55.790000000 |
| Next High | 54.390000000 |
| Current Price | 51.410000000 |
| Next Low | 50.350000000 |
| 2nd Low | 49.730000000 |
| 3rd Low | 43.650000000 |