The combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 30.640000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 28.892 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 30.640000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 31.250000000 |
| Next High | 30.640000000 |
| Current Price | 29.440000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
30.640000000 – 31.250000000 – 28.830000000 – 28.960000000 – 29.620000000 – 29.270000000 — 50.446771383303 – 45.720724108376