AVAX/USDT – 1H – SELLThe combination goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 24.400000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 27.160000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 24.4 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 27.160000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 28.230000000 |
| 2nd High | 27.230000000 |
| Next High | 27.160000000 |
| Current Price | 24.800000000 |
| Next Low | 24.400000000 |
| 2nd Low | 24.010000000 |
| 3rd Low | 23.900000000 |