AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 48.320000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 50.860000000 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 | 52.050000000 |
| Next High | 50.860000000 |
| Current Price | 48.530000000 |
| Next Low | 48.320000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 41.320000000 |