AVAX/USDT – 4H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 47.93 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 47.930000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 47.930000000 |
| Current Price | 44.910000000 |
| Next Low | 38.500000000 |
| 2nd Low | 38.310000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing