AVAX/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 9.22424 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 9.26 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish signal. 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 | 9.38 |
| 2nd High | 9.3 |
| Next High | 9.26 |
| Current Price | 9.090000000 |
| Next Low | 8.72 |
| 2nd Low | 7.55 |
| 3rd Low |
9.26 – 9.3 – 9.38 – 8.72 – 9 – 9.07 —
9.010000000 – 9.140000000 —
53.964202724179 – 60.224229959037 —
– —
9.26 – 1770591600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –