AVAX/USDT – 1H – SELLThe pair moves from the bullish trendline down.
A descent down to the next support line at 26.960000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 29.440000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 27.76888 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 29.440000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 30.850000000 |
| Next High | 29.440000000 |
| Current Price | 28.240000000 |
| Next Low | 26.960000000 |
| 2nd Low | 26.930000000 |
| 3rd Low | 26.450000000 |