AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline upwards
An ascending movement up to the next resistance line at 51.560000000 is expected.
Caution: A possible counter-trend in the direction of the support line at 49.330000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 50.39436 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 51.560000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 53.620000000 |
| Next High | 51.560000000 |
| Current Price | 49.480000000 |
| Next Low | 49.330000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |