AVAX/USDT – 1H – SELLThe pair moves from the bullish trendline downwards
A descending movement down to the next support line at 27.380000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 29.320000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 27.33 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 29.320000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.620000000 |
| Next High | 29.320000000 |
| Current Price | 27.480000000 |
| Next Low | 27.380000000 |
| 2nd Low | 27.330000000 |
| 3rd Low | 26.820000000 |