Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 8.84644 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 9.45 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Bearish Harami’ candlestick pattern is discovered. The candles form ‘Bearish Harami’. which is a bearish chart scenario. The currency 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 | 9.68 |
| 2nd High | 9.48 |
| Next High | 9.45 |
| Current Price | 9.030000000 |
| Next Low | 8.960000000 |
| 2nd Low | 8.93 |
| 3rd Low | 8.88 |
9.45 – 9.25 – 9.36 – 8.960000000 – 8.93 – 8.88 —
9.010000000 – 9.000000000 —
28.05311642091 – 34.62716708732 —
8.960000000 – 1771740000 —
9.45 – 1771682400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Harami – – –