Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 9.96 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 9.74 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.17 |
| 2nd High | 9.96 |
| Next High | 9.74 |
| Current Price | 9.720000000 |
| Next Low | 9.48 |
| 2nd Low | 9.31 |
| 3rd Low | 9.02 |
9.74 – 9.96 – 9.6 – 9.48 – 9.31 – 9.02 —
9.570000000 – 9.680000000 —
48.5353566684 – 53.223924100047 —
– —
9.74 – 1773205200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –