AVAX/USDT – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 9.84 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 9.84 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Inverted Hammer’ candlestick chart pattern is found. The candles form ‘Inverted Hammer’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.17 |
| 2nd High | 9.96 |
| Next High | 9.84 |
| Current Price | 9.510000000 |
| Next Low | 9.41 |
| 2nd Low | 8.25 |
| 3rd Low | 8.18 |
9.84 – 9.82 – 8.71 – 9.41 – 8.25 – 8.18 —
9.640000000 – 9.490000000 —
58.728193748473 – 48.938128357551 —
– —
9.84 – 1772055000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Inverted Hammer – – –