AVAX/USDT – 1H – SELLThe pair jumps from the ascending trendline down.
A descending movement down to the next support level at 22.350000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 27.160000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 24.755 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 27.160000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 28.230000000 |
| 2nd High | 27.230000000 |
| Next High | 27.160000000 |
| Current Price | 25.850000000 |
| Next Low | 22.350000000 |
| 2nd Low | 21.030000000 |
| 3rd Low | 20.480000000 |