AVAX/USDT – 4H – SELLThe combination moves from the ascending trendline downwards
A descent downwards to the next support line at 22.350000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 27.160000000 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 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 24.12472 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 27.160000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.320000000 |
| Next High | 27.160000000 |
| Current Price | 25.850000000 |
| Next Low | 22.350000000 |
| 2nd Low | 20.480000000 |
| 3rd Low |