AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 24.020000000 will persist.
Caution: A possible reversal of the trend in the direction of support at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 24.28424 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 24.020000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.030000000 |
| 2nd High | 24.550000000 |
| Next High | 24.020000000 |
| Current Price | 23.560000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
24.020000000 – 24.550000000 – 25.030000000 – 23.010000000 – 22.190000000 – 22.400000000