AVAX/USDT – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 40.39558 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 39.050000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Two-Candle Shooting Star’ candle pattern is detected. The candles show ‘Two-Candle Shooting Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.840000000 |
| 2nd High | 41.900000000 |
| Next High | 39.050000000 |
| Current Price | 38.530000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two-Candle Shooting Star