AVAX/USDT – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 22.600000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 23.800000000 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 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 22.6 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 23.800000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.020000000 |
| 2nd High | 23.940000000 |
| Next High | 23.800000000 |
| Current Price | 22.800000000 |
| Next Low | 22.600000000 |
| 2nd Low | 22.370000000 |
| 3rd Low | 21.600000000 |