AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline up.
An ascending movement upwards to the next resistance at 53.620000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 49.570000000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 50.52444 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 53.620000000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 54.030000000 |
| 2nd High | 53.840000000 |
| Next High | 53.620000000 |
| Current Price | 50.040000000 |
| Next Low | 49.570000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |