AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 48.130000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 51.560000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.410000000 |
| 2nd High | 53.840000000 |
| Next High | 51.560000000 |
| Current Price | 50.110000000 |
| Next Low | 48.130000000 |
| 2nd Low | 41.320000000 |
| 3rd Low | 40.400000000 |