AVAX/USDT – 1H – SELLThe currency pair moves from the bullish trendline downwards
A descent down to the next support level at 25.050000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 27.160000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 25.44988 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 27.160000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 28.230000000 |
| 2nd High | 27.230000000 |
| Next High | 27.160000000 |
| Current Price | 25.850000000 |
| Next Low | 25.050000000 |
| 2nd Low | 24.900000000 |
| 3rd Low | 24.010000000 |