AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 22.360000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 23.570000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 22.23 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 23.570000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 24.140000000 |
| Next High | 23.570000000 |
| Current Price | 22.770000000 |
| Next Low | 22.360000000 |
| 2nd Low | 22.230000000 |
| 3rd Low | 21.950000000 |
23.570000000 – 24.140000000 – 25.680000000 – 22.360000000 – 22.230000000 – 23.360000000 — 45.780662888276 – 39.538106381563