AVAX/USDT – 30M – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 29.040000000 is expected.
Caution: A possible change in the direction of the resistance zone at 29.870000000 is also possible.
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 expected. Target of the current trend is 28.985 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 29.870000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 30.760000000 |
| Next High | 29.870000000 |
| Current Price | 29.140000000 |
| Next Low | 29.040000000 |
| 2nd Low | 28.300000000 |
| 3rd Low | 28.100000000 |