AVAX/USDT – 4H – SELL

The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 12.21 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 14.83 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Tweezers Top’ candlestick chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

13.2 – 12.62 – 12.55 – 12.21 – 12.33 – 11.84 — 45.053472894001 – 39.424274359551 — 12.65377072562 – 8.1877339989303 – 12.901883877102 – 12.65377072562

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Top – – –