AVAX/USDT – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 28.450000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 29.430000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 28.63598 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 29.430000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.750000000 |
| Next High | 29.430000000 |
| Current Price | 28.490000000 |
| Next Low | 28.450000000 |
| 2nd Low | 28.300000000 |
| 3rd Low | 28.100000000 |