Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 9.635 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 10.01 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Harami’ candlestick pattern is found. The chart shows ‘Bearish Harami’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.51 |
| 2nd High | 10.36 |
| Next High | 10.01 |
| Current Price | 9.790000000 |
| Next Low | 9.45 |
| 2nd Low | 9.26 |
| 3rd Low | 9.21 |
10.01 – 9.89 – 9.55 – 9.45 – 9.26 – 9.35 —
9.930000000 – 9.790000000 —
55.790995918638 – 52.703935158244 —
– —
10.01 – 1776436200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Harami – – –