Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 8.95 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 9.48 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.96 |
| 2nd High | 9.84 |
| Next High | 9.48 |
| Current Price | 9.220000000 |
| Next Low | 8.900000000 |
| 2nd Low | 8.86 |
| 3rd Low | 8.85 |
9.48 – 9.2 – 9.24 – 8.900000000 – 8.86 – 8.85 —
9.080000000 – 9.300000000 —
39.405484792181 – 62.507320785104 —
8.900000000 – 1772548200 —
9.48 – 1772469000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows – – –