AVAX Resuming the Bearish Downtrend
Updated
AVAX Resuming the Bearish Downtrend
On the 60-minute chart, the price has completed an Ascending Channel pattern.
After any small correction, I expect AVAX/USDT to move down further.
The first target is near 25.20, which corresponds to the first support zone, and the base of the pattern near 24.20 for the second target.
Considering that AVAX/USDT is already in a bearish trend, it could make a significant move down.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
On the 60-minute chart, the price has completed an Ascending Channel pattern.
After any small correction, I expect AVAX/USDT to move down further.
The first target is near 25.20, which corresponds to the first support zone, and the base of the pattern near 24.20 for the second target.
Considering that AVAX/USDT is already in a bearish trend, it could make a significant move down.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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