AVAX/USDT – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 26.780000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 28.130000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 25.795 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 28.130000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 28.800000000 |
| Next High | 28.130000000 |
| Current Price | 27.180000000 |
| Next Low | 26.780000000 |
| 2nd Low | 22.790000000 |
| 3rd Low | 22.370000000 |