There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 9.38 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 9.38 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Up’ candle pattern is detected. The chart shows ‘Three Outside Up’. which is a positive 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.57 |
| 2nd High | 9.45 |
| Next High | 9.38 |
| Current Price | 9.330000000 |
| Next Low | 8.99 |
| 2nd Low | 8.97 |
| 3rd Low | 8.92 |
9.38 – 9.25 – 9.27 – 8.99 – 8.97 – 9.06 —
9.260000000 – 9.300000000 —
53.593432716641 – 56.567225957855 —
– —
9.38 – 1777867200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –