Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 8.92 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 9.27 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.57 |
| 2nd High | 9.45 |
| Next High | 9.27 |
| Current Price | 9.020000000 |
| Next Low | 8.92 |
| 2nd Low | 8.46 |
| 3rd Low | 8.37 |
9.27 – 9.21 – 9.45 – 9.06 – 9.06 – 8.92 —
9.170000000 – 9.090000000 —
58.089023341302 – 38.126853722823 —
– —
9.27 – 1777644000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows – – –