AVAX/USDT – 1H – SELLThe pair moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 28.300000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 29.360000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 28.35284 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 29.360000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.440000000 |
| 2nd High | 29.370000000 |
| Next High | 29.360000000 |
| Current Price | 29.250000000 |
| Next Low | 28.300000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |