AVAX/USDT – 1H – SELLThe currency pair goes from the ascending trendline downwards
A bearish movement down to the next support at 22.870000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 24.490000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
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 23.22 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 24.490000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.810000000 |
| 2nd High | 25.660000000 |
| Next High | 24.490000000 |
| Current Price | 23.060000000 |
| Next Low | 22.870000000 |
| 2nd Low | 22.370000000 |
| 3rd Low | 21.030000000 |