Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 10.02 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 10.51 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Harami’ candle pattern is found. The candles form ‘Bearish Harami’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11.05 |
| 2nd High | 10.52 |
| Next High | 10.51 |
| Current Price | 10.270000000 |
| Next Low | 10.04 |
| 2nd Low | 9.67 |
| 3rd Low | 9.66 |
10.51 – 10.52 – 9.88 – 10.04 – 9.67 – 9.66 —
10.280000000 – 10.280000000 —
45.701206980664 – 48.608461974544 —
– —
10.51 – 1773700200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Harami – – –