AVAX/USDT – 1H – SELLThe combination goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 27.330000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 28.460000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 27.4808 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 28.460000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.620000000 |
| Next High | 28.460000000 |
| Current Price | 27.940000000 |
| Next Low | 27.330000000 |
| 2nd Low | 26.820000000 |
| 3rd Low | 25.060000000 |