Hi everyone,
please take a look at the AVAX / USDT chart on the 1D interval.
Let’s start by marking the downward trend line with the blue line under which the price moves.
Now it is worth designating the support we have in this case at the price of $ 75.74 and the next two supports at $ 70.28 and $ 62.64.
Looking the other way, it is worth determining the resistance that the price still has to overcome and you can see that the first resistance is at the price of $ 81.57 which the price has already tried to break but failed. We have another resistance at $ 89.94 and another resistance at $ 99. 05 .
Note the CHOP indicator which shows that the energy has stopped falling.