Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 9.725 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 10.12 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. 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 | 10.51 |
| 2nd High | 10.36 |
| Next High | 10.12 |
| Current Price | 9.890000000 |
| Next Low | 9.37 |
| 2nd Low | 9.36 |
| 3rd Low | 9.33 |
10.12 – 9.7 – 9.74 – 9.37 – 9.45 – 9.36 —
10.000000000 – 10.000000000 —
62.007137993252 – 56.302015931857 —
– —
10.12 – 1778290200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low – – –