AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A descent down to the next support at 40.890000000 is expected.
Caution: A possible change in the direction of the resistance line at 42.380000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Tweezers Top’ candle chart pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 42.380000000 |
| Current Price | 42.280000000 |
| Next Low | 40.890000000 |
| 2nd Low | 38.800000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top