AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline up.
An ascending movement upwards to the next resistance line at 38.540000000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 36.170000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 39.91768 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 38.540000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| 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 |