AVAX/USDT – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 25.440000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 26.770000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 25.44 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 26.770000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.800000000 |
| 2nd High | 27.230000000 |
| Next High | 26.770000000 |
| Current Price | 25.660000000 |
| Next Low | 25.440000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |