AVAX/USDT – 1H – SELLThe combination jumps from the ascending trendline downwards
A bearish descent down to the next support at 27.760000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 29.620000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 28.22 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 29.620000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 29.870000000 |
| Next High | 29.620000000 |
| Current Price | 28.620000000 |
| Next Low | 27.760000000 |
| 2nd Low | 27.710000000 |
| 3rd Low | 27.330000000 |