AVAX/USDT – 1H – SELLThe combination moves from the ascending trendline down.
A descent down to the next support level at 25.100000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 27.740000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 25.82 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 27.740000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.440000000 |
| 2nd High | 28.890000000 |
| Next High | 27.740000000 |
| Current Price | 26.560000000 |
| Next Low | 25.100000000 |
| 2nd Low | 23.900000000 |
| 3rd Low | 22.790000000 |