AVAX/USDT – 1H – SELL

The currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards

A descending movement downwards to the next support level at 6.52 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 6.882 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

6.7 – 6.707 – 6.664 – 6.52 – 6.476 – 6.301 —
6.734000000 – 6.731000000 —
60.29243081701 – 56.557776265864 —
– —
6.7 – 1781276400

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