AVAX/USDT – 1H – SELLThe pair goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 25.060000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 28.270000000 could be enabled.
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 considered certain. Target of the current trend is 27.25 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 28.270000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.870000000 |
| 2nd High | 29.620000000 |
| Next High | 28.270000000 |
| Current Price | 27.010000000 |
| Next Low | 25.060000000 |
| 2nd Low | 23.900000000 |
| 3rd Low | 22.790000000 |