AVAX/USDT – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 22.790000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 25.020000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 23.2 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 25.020000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.490000000 |
| 2nd High | 25.710000000 |
| Next High | 25.020000000 |
| Current Price | 22.840000000 |
| Next Low | 22.790000000 |
| 2nd Low | 22.370000000 |
| 3rd Low | 21.600000000 |