AVAX/USDT – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish descent downwards to the next support at 27.380000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 29.320000000 should always be considered.
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 likely expected. Target of the current trend is 27.38 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 29.320000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.750000000 |
| 2nd High | 29.620000000 |
| Next High | 29.320000000 |
| Current Price | 27.510000000 |
| Next Low | 27.380000000 |
| 2nd Low | 27.330000000 |
| 3rd Low | 26.820000000 |