AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 36.160000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 37.940000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 44.190000000 |
| 2nd High | 39.370000000 |
| Next High | 37.940000000 |
| Current Price | 36.990000000 |
| Next Low | 36.160000000 |
| 2nd Low | 34.950000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top