AVAX/USDT – 4H – SELLThe pair moves from the ascending trendline downwards
A bearish descent down to the next support level at 26.450000000 will continue.
Caution: A possible change in the direction of the resistance line at 30.850000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 25.665 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 30.850000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 30.850000000 |
| Current Price | 26.530000000 |
| Next Low | 26.450000000 |
| 2nd Low | 22.790000000 |
| 3rd Low | 20.480000000 |