AVAX/USDT – 1H – BUYNext a ‘Double top retreat up’ chart layout is found. The chart picture forms ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 24.375 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 25.680000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 23.680000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.570000000 – 23.460000000 – 23.180000000 — 38.70430025644 – 42.954873085238
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – Double top retreat up – –