AVAX/USDT – 30M – BUYThe combination moves from the bullish trendline down.
A bearish descent down to the next support level at 27.510000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 29.320000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 28.58 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 29.320000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.750000000 |
| 2nd High | 29.620000000 |
| Next High | 29.320000000 |
| Current Price | 28.820000000 |
| Next Low | 27.510000000 |
| 2nd Low | 27.100000000 |
| 3rd Low | 26.510000000 |