AVAX/USDT – 1H – SELLThe combination jumps from the bullish trendline downwards
A descent downwards to the next support at 27.250000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 28.270000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 27.25 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 28.270000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.620000000 |
| Next High | 28.270000000 |
| Current Price | 27.460000000 |
| Next Low | 27.250000000 |
| 2nd Low | 25.060000000 |
| 3rd Low | 23.900000000 |