Furthermore a ‘Double bottom chart pattern’ chart formation is found. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 22.08 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 22.660000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 22.660000000 |
| Current Price | 22.270000000 |
| Next Low | 20.390000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
22.080000000 – 21.080000000 – 21.530000000 – 20.390000000 – 20.990000000 – 20.180000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three White Soldiers – Double bottom chart pattern