AVAX/USDT – 1H – SELLThe currency pair goes from the ascending trendline down.
A bearish trend down to the next support at 27.330000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 28.270000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 27.5398 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 28.270000000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.620000000 |
| Next High | 28.270000000 |
| Current Price | 28.150000000 |
| Next Low | 27.330000000 |
| 2nd Low | 26.820000000 |
| 3rd Low | 25.060000000 |