AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline up.
An ascent up to the next resistance line at 38.540000000 will continue.
Caution: A possible trend reversal in the direction of support at 36.170000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 39.91768 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 38.540000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 38.540000000 |
| Current Price | 37.670000000 |
| Next Low | 36.170000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |