AVAX/USDT – 30M – SELLThe currency pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 26.220000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 27.190000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 26.22 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 27.190000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 28.890000000 |
| 2nd High | 27.740000000 |
| Next High | 27.190000000 |
| Current Price | 26.440000000 |
| Next Low | 26.220000000 |
| 2nd Low | 25.100000000 |
| 3rd Low | 23.900000000 |