AVAX/USDT – 30M – SELLThe pair jumps from the bullish trendline down.
A descending movement down to the next support at 28.490000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 32.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 30.70436 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 32.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 32.000000000 |
| Current Price | 30.720000000 |
| Next Low | 28.490000000 |
| 2nd Low | 27.510000000 |
| 3rd Low | 27.100000000 |