AVAX/USDT – 1H – SELLThe currency pair jumps from the ascending trendline down.
A bearish trend down to the next support at 22.790000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 26.780000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 25 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 26.780000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.440000000 |
| 2nd High | 28.890000000 |
| Next High | 26.780000000 |
| Current Price | 24.480000000 |
| Next Low | 22.790000000 |
| 2nd Low | 22.370000000 |
| 3rd Low | 21.030000000 |