AVAX/USDT – 1H – SELLThe currency pair jumps from the ascending trendline down.
A bearish trend down to the next support at 26.960000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 30.850000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 28.65 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 30.850000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 30.850000000 |
| Current Price | 29.460000000 |
| Next Low | 26.960000000 |
| 2nd Low | 26.930000000 |
| 3rd Low | 26.450000000 |