AVAX/USDT – 1H – SELLThe combination moves from the ascending trendline downwards
A descending movement down to the next support at 26.820000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 27.880000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 26.82 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 27.880000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.620000000 |
| 2nd High | 28.270000000 |
| Next High | 27.880000000 |
| Current Price | 27.400000000 |
| Next Low | 26.820000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |