AVAX/USDT – 1H – SELLThe combination goes from the bullish trendline downwards
A bearish descent down to the next support level at 28.240000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 30.850000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 27.76888 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 30.850000000 should be noted.
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 | 28.300000000 |
| Next Low | 28.240000000 |
| 2nd Low | 26.960000000 |
| 3rd Low | 26.930000000 |