AVAX/USDT – 1H – SELLThe combination goes from the ascending trendline downwards
A bearish trend down to the next support level at 23.220000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 24.490000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 23.22 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 24.490000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.810000000 |
| 2nd High | 25.660000000 |
| Next High | 24.490000000 |
| Current Price | 23.390000000 |
| Next Low | 23.220000000 |
| 2nd Low | 22.870000000 |
| 3rd Low | 22.370000000 |