AVAX/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 8.815 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 9.45 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.34 |
| 2nd High | 9.48 |
| Next High | 9.45 |
| Current Price | 8.510000000 |
| Next Low | 8.18 |
| 2nd Low | 7.55 |
| 3rd Low |
9.45 – 9.36 – 9.21 – 8.18 – 8.66 – 8.8 —
8.350000000 – 8.570000000 —
34.01760937346 – 55.325637361647 —
– —
9.45 – 1771682400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –