AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 50.720000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 53.840000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 53.840000000 |
| Current Price | 51.670000000 |
| Next Low | 50.720000000 |
| 2nd Low | 41.320000000 |
| 3rd Low | 40.400000000 |