AVAX/USDT – 30M – BUYIn addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 9.05774 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 9.380000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 9.380000000 |
| Current Price | 9.140000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
9.380000000 – 9.13 – 9.25 – 8.99 – 8.97 – 9.06 —
9.380000000 – 9.260000000 —
70.98659998471 – 54.049681248361 —
9.380000000 – 1777867200 —
– 1777867200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –