AVAX/USDT – 1H – SELLThe pair goes from the bullish trendline down.
A descent down to the next support at 26.820000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 28.230000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 27.24 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 28.230000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.620000000 |
| 2nd High | 29.320000000 |
| Next High | 28.230000000 |
| Current Price | 26.890000000 |
| Next Low | 26.820000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |