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| Price | ▼ 2.60% | ▼ 4.39% | ▼ 1.00% | ▼ 2.66% |
| Energy | ▼ 14.6 | ▼ 65.0 | ▼ 13.4 | ▼ 11.9 |
Trend of Bear Extreme AVAXUSD Daily
▸When AVAXUSD is in Bear Extreme:
- then AVAXUSD moved to higher Market State: 77 times — 100%
- then AVAXUSD moved to lower Market State: 0 times — 0%
▸Current AVAXUSD market energy: -78.04%
- Distance to upper bound of Bear Extreme (at -74.5%): 3.54%
- Distance to bottom -100%: 21.96%
"To truly understand anything, study its history" — 2AITRADING
After the Daily candle closes, AVAXUSD in the Bear Extreme state.
Per the 2AiTrading energy measurement system, Market Energy at -78%, down -11.9% from -66.1% in the previous candle.
Time in Bear Extreme energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, AVAXUSD Market Energy ranged from -78 to +26.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did AVAXUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 02-11-2024 closed, AVAXUSD was at 24.12, down 2.66% from the previous candle (24.78). Market Energy was -78%, down 11.9 points from -66.1%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did AVAXUSD price move on this Daily candle, and how large is that historically?
AVAXUSD closed at 24.12, down 2.66% from the previous Daily candle (24.78). This drop is larger than 46% of past drops on the Daily timeframe for AVAXUSD, across 1,501 candles since 2019.
How did AVAXUSD Market Energy change from the previous candle?
Market Energy fell 11.9 percentage points from the previous candle — from -66.1% to -78%. This drop is larger than 53% of past drops on the Daily timeframe for AVAXUSD.
Do AVAXUSD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was AVAXUSD in on the previous Daily candle?
The previous Daily candle had AVAXUSD at -66.1%, Bear Critical — when this candle closed, AVAXUSD moved down to a lower zone: Bear Critical → Bear Extreme.
Where does AVAXUSD energy sit within the Bear Extreme zone?
At -78%, AVAXUSD is 3.54 points from the upper boundary of Bear Extreme (-74.5%) and 21.96 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Extreme definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Bias with energy -38.6%; GER40 (European equities) in Neutral with energy 6.6%. Against this backdrop, AVAXUSD (Bear Extreme, -78%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 76.2%. AVAXUSD (Bear Extreme) and DXY currently sit on opposite sides.
See the real-time energy chart for AVAXUSD.
Open Energy ChartSee the full 2AiTrading Model data for AVAXUSD on the AVAXUSD overview →
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