AVAX/USDT – 4H – SELLThe currency pair jumps from the bullish trendline down.
A descent down to the next support at 22.870000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 25.660000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 21.53908 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 25.660000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.520000000 |
| 2nd High | 28.000000000 |
| Next High | 25.660000000 |
| Current Price | 23.820000000 |
| Next Low | 22.870000000 |
| 2nd Low | 20.480000000 |
| 3rd Low | 19.780000000 |