AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 8.99 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 8.69 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.
Besides a ‘StochRSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 9.1 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 8.99 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.46 |
| 2nd High | 9.02 |
| Next High | 8.99 |
| Current Price | 8.980000000 |
| Next Low | 8.69 |
| 2nd Low | 8.42 |
| 3rd Low | 8.25 |
8.99 – 9.02 – 9.46 – 8.69 – 8.82 – 8.79 —
8.870000000 – 8.870000000 —
45.726033911211 – 45.590132670009 —
– —
8.99 – 1773001800